W & T Offshore (WTI) Shares Cross Below Book Value

In trading on Monday, shares of W & T Offshore Inc (WTI) crossed below their last reported book value — defined as common shareholder equity per share — of $7.27, changing hands as low as $6.50 per share. W & T Offshore Inc shares are currently trading down about 8.1% on the day. The chart below shows the one year performance of WTI shares, versus its 50 and 200 day moving averages:

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W & T Offshore Inc Moving Averages Chart

Looking at the chart above, WTI's low point in its 52 week range is $6.50 per share, with $19.78 as the 52 week high point — that compares with a last trade of $6.93.

According to the ETF Finder at ETF Channel, WTI makes up 1.75% of the PowerShares Dynamic Energy Exploration & Production Portfolio ETF ( PXE) which is trading lower by about 3% on the day Monday.

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