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Is W&T Offshore's Stock Rally about to Take a Breather?

PART:
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Part 5
Is W&T Offshore's Stock Rally about to Take a Breather? PART 5 OF 5

Where Wall Street Thinks W&T Offshore Could Be Trading in One Year

Analyst recommendations for WTI

On September 29, 2017, ~66.7% of the analysts covering W&T Offshore (WTI) had issued “hold” recommendations on the stock. But Reuters has reported only three analysts giving recommendations on WTI. Of these, two analysts have given “hold” recommendations, and the other has given a “sell” recommendation.

Where Wall Street Thinks W&amp;T Offshore Could Be Trading in One Year

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WTI’s median target price and recommendation changes

The median target price for W&T Offshore stock is $2.00, which is ~34% lower than its September 29, 2017, closing price of $3.05.

In the past two weeks, the number of analysts giving a “sell” recommendation for W&T Offshore stock has fallen from two to one. The number of “strong buy,” “buy,” “hold,” and “strong sell” ratings have remained unchanged.

In the past two weeks, W&T Offshore’s median target price has risen from $1.75 to $2.00.

Other oil and gas producers

By comparison, peer upstream companies Devon Energy (DVN) and Pioneer Natural Resources (PXD) have potential upsides of ~11% and ~23%, respectively, from their September 29 closing prices. Energen (EGN) has a potential upside of ~15%.

Notably, Energen, Devon Energy, and Pioneer Natural Resources all have operations in the Permian Basin.

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