We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Should W&T Offshore (WTI) Stock Be in Your Portfolio Now?
Read MoreHide Full Article
On Jan 11, 2017, Zacks Investment Research upgraded W&T Offshore Inc. (WTI - Free Report) to a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of significantly outperforming the broader market.
Why the Upgrade?
Over the last 30 days, the Zacks Consensus Estimate for W&T Offshore’s fourth-quarter results narrowed from a loss of 28 cents to a loss of 23 cents. Moreover, for full-year 2016, the company’s Zacks Consensus Estimate narrowed to a loss of $2.02 per share from loss of $2.07.
The exploration and production company also survived the prolonged oil price weakness and surpassed the Zacks Consensus Estimate in each of the last four quarters with an average earnings beat of 31.49%. We expect the company to witness year-over-year earnings improvement of almost 30% in 2016.
W&T Offshore also shows significant price strength. Over the last six months, the company outperformed the Zacks categorized Oil & Gas-U.S Exploration & Production industry. During this period, the company gained almost 48% compared with 17% improvement for the broader industry.
Interestingly, the operating environment for the upstream energy player seems improving as oil producers have joined forces to limit oil production amid the oversupplied commodity market. With improving crude costs, the upstream players will be able to sell the commodities at higher prices and thus, generate significant cashflows for the shareholders.
Other Stocks to Consider
Some other well-ranked stocks in the energy sector are Imperial Oil Limited (IMO - Free Report) , Suncor Energy Inc. (SU - Free Report) and Newfield Exploration Co. . Both Imperial Oil and Suncor sport a Zacks Rank #1 (Strong Buy), while Newfield carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Imperial Oil is undervalued, as revealed by its forward PE ratio of 17.91 compared with 141.7 for the broader industry.
Suncor posted an average earnings surprise of 40.55% in the last four quarters.
Newfield surpassed the Zacks Consensus Estimate in three of the last four quarters with an average earnings surprise of 754.83%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Should W&T Offshore (WTI) Stock Be in Your Portfolio Now?
On Jan 11, 2017, Zacks Investment Research upgraded W&T Offshore Inc. (WTI - Free Report) to a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of significantly outperforming the broader market.
Why the Upgrade?
Over the last 30 days, the Zacks Consensus Estimate for W&T Offshore’s fourth-quarter results narrowed from a loss of 28 cents to a loss of 23 cents. Moreover, for full-year 2016, the company’s Zacks Consensus Estimate narrowed to a loss of $2.02 per share from loss of $2.07.
The exploration and production company also survived the prolonged oil price weakness and surpassed the Zacks Consensus Estimate in each of the last four quarters with an average earnings beat of 31.49%. We expect the company to witness year-over-year earnings improvement of almost 30% in 2016.
W&T Offshore also shows significant price strength. Over the last six months, the company outperformed the Zacks categorized Oil & Gas-U.S Exploration & Production industry. During this period, the company gained almost 48% compared with 17% improvement for the broader industry.
Interestingly, the operating environment for the upstream energy player seems improving as oil producers have joined forces to limit oil production amid the oversupplied commodity market. With improving crude costs, the upstream players will be able to sell the commodities at higher prices and thus, generate significant cashflows for the shareholders.
Other Stocks to Consider
Some other well-ranked stocks in the energy sector are Imperial Oil Limited (IMO - Free Report) , Suncor Energy Inc. (SU - Free Report) and Newfield Exploration Co. . Both Imperial Oil and Suncor sport a Zacks Rank #1 (Strong Buy), while Newfield carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Imperial Oil is undervalued, as revealed by its forward PE ratio of 17.91 compared with 141.7 for the broader industry.
Suncor posted an average earnings surprise of 40.55% in the last four quarters.
Newfield surpassed the Zacks Consensus Estimate in three of the last four quarters with an average earnings surprise of 754.83%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>