|Bid||8.670 x 300|
|Ask||8.680 x 900|
|Day's Range||8.535 - 9.120|
|52 Week Range||1.830 - 9.120|
|PE Ratio (TTM)||15.01|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.42|
Investors need to pay close attention to W&T Offshore (WTI) stock based on the movements in the options market lately.
Light oil driller Whitecap Resources Inc. (TSX:WCP) is poised to unlock further value for investors as crude rises higher.
In this article, we’ll move on to the worst performers from the oil and gas production, or upstream, sector in the US for the current week. To compile the list of the worst upstream performers this week, we’ll use oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.
WallStEquities.com has initiated research reports on the following Oil & Gas Drilling & Exploration stocks: Transocean Ltd (NYSE: RIG), Unit Corp. (NYSE: UNT), W&T Offshore Inc. (NYSE: WTI), and Whiting Petroleum Corp. (NYSE: WLL). Steinhausen, Switzerland-based Transocean Ltd's stock finished Tuesday's session 0.38% higher at $13.08 with a total trading volume of 8.23 million shares.
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34. As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC).
This Wednesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Drilling & Exploration equities: Tellurian Inc. (NASDAQ: TELL), Transocean Ltd (NYSE: RIG), Unit Corp. (NYSE: UNT), and W&T Offshore Inc. (NYSE: WTI). All you have to do is sign up today for this free limited time offer by clicking the link below.
In 2018, W&T Offshore (WTI) is turning out to be the best-performing energy stock from the oil and gas production—or upstream—sector in the US. W&T Offshore is an offshore oil and gas production company with a primary focus on the Gulf of Mexico in the US. Year-to-date in 2018, WTI increased from its 2017 close of $3.31 to $8.34, a big increase of ~152%.
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock. Thus, in Q1 2018, total selling hedge funds outnumbered total buying hedge funds by 11. As of March 31, 31 hedge funds held WTI in their portfolio. Out of these, only one hedge fund has WTI in its top ten holdings.
The end of the OPEC deal could spell the end of higher prices, once again threatening the plans of Canadian drillers such as Crescent Point Energy Corp. (TSX:CPG)(NYSE:CPG).
Oil pipeline bottleneck and labor shortage compel ConocoPhillips (COP) to give more importance to Eagle Ford shale play than crowded Permian.
Since nearly 60% of Bonanza Creek's (BCEI) production comprises oil, the favorable crude pricing environment is highly favorable for the firm.
Ensco (ESV) has the capability to conduct drilling of Colter and Wick wells safely and outperform its customer Corallian Energy's expectations.
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