Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for W&T Offshore Inc (NYSE: WTI) improved recently. WTI’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
W&T Offshore Inc (NYSE: WTI) stock closed at $3.75 on 11/10/23 after a modest gain of 0.5%. The stock has declined -12.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WTI is expected to continue to be a major Value Builder.
W&T Offshore has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. W&T Offshore has a very high Appreciation Score of 98 but a poor Power Rating of 28, resulting in the Positive Value Trend Rating.
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