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

WT 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.

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

WT Offshore, Inc. Price

WT Offshore, Inc. Price | WT 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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we’re targeting

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

WT Offshore, Inc. (WTI): Free Stock Analysis Report

Lonestar Resources US Inc. (LONE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research


comments powered by Disqus