Alert: Major Price Advance (3/4/21)-W&T Offshore Inc (NYSE: WTI).

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W&T Offshore Inc (NYSE: WTI) stock enjoyed a major increase of 10.8% on 3/4/21. The shares closed at $3.79. Moreover, trading volume in this advance was exceptionally high at 392% of normal. The stock has risen 15.5% during the last week but has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

WTI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.

W&T Offshore is currently unrated.

Rating Review

The stock is currently unrated.

About John Lafferty 92875 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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