W&T Offshore Inc (NYSE: WTI) suffers from extremely meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (High Neutral). 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 94 but a poor Power Rating of 29, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 12/4/23, W&T Offshore Inc (NYSE: WTI) stock declined slightly by -0.9%, closing at $3.28. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.8% during the last week.
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