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W&T Offshore (WTI) Soars: Stock Adds 15.9% in Session

Zacks

W&T Offshore, Inc. WTI was a big mover last session, as the company saw its shares rise almost 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $1.84 to $2.14 in the past one month time frame.

The company has seen one negative estimate revision in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

W&T Offshore currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

W&T Offshore, Inc. Price

W&T Offshore, Inc. Price | W&T Offshore, Inc. Quote


Another stock worth considering in the Oil and Gas – Exploration and Production – United States industry is Lonestar Resources US Inc. LONE, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WTI going up? Or down? Predict to see what others think: Up or Down

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