W&T Offshore Inc. (WTI) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17.05% since March 11.
This U.S.-based oil exploration and production stock witnessed five downward revisions over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
W&T Offshore carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same sector include Range Resources Corporation (RRC), Warren Resources Inc. (WRES) and Approach Resources, Inc. (AREX). While Range Resources and Warren Resources sport a Zacks Rank #1 (Strong Buy), Approach Resources holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
W&T OFFSHORE INC (WTI): Free Stock Analysis Report
RANGE RESOURCES CORP (RRC): Free Stock Analysis Report
WARREN RESOURCES INC (WRES): Free Stock Analysis Report
APPROACH RESOURCES INC (AREX): Free Stock Analysis Report
Zacks Investment Research