Why W&T Offshore, Inc. (WTI) Could Be a Potential Winner
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is W&T Offshore, Inc. WTI. This Oil and Gas - Exploration and Production - United States industry stock has actually seen estimates rise over the past month for the current fiscal year by about 23.4%. But that is not yet reflected in its price, as the stock lost 4.3% over the same time frame.
W&T Offshore, Inc. Price and Consensus
W&T Offshore, Inc. Price and Consensus | W&T Offshore, Inc. Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 165.3%, which should ultimately translate into price appreciation.
And if this isn’t enough, WTI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider W&T Offshore. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for WTI and that now might be an interesting buying opportunity.
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