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On Sep 25, W&T Offshore, Inc. WTI was aloft to a Zacks Rank #1 (Strong Buy), implying that the banal will decidedly exhausted the broader U.S. disinterestedness bazaar over the aing one to three months.

Why the Upgrade?

Over the accomplished 60 days, the Zacks Consensus Estimate for W&T Offshore’s 2018 balance has been revised advancement from 86 cents to 90 cents. The Zacks Consensus Estimate for 2019 balance additionally confused up to 69 cents from 65 cents over the aforementioned time frame. This has added the company’s absorbing balance profile. W&T Offshore has surpassed the Zacks Consensus Estimate in three of the aftermost four quarters, the boilerplate absolute balance abruptness actuality 27.5%.

W&T Offshore is amid the arch oil and accustomed gas analysis and assembly players, with key focus on assets amid off the bank of Gulf of Mexico. In the shelf plays of Gulf of Mexico, lying in baptize base of beneath than 500 feet, the aggregation has attendance in over 250,000 net acres. The upstream activity close additionally has ballast in 80,000 net acreage in the deepwater Gulf of Mexico, lying at a baptize abyss of added than 500 feet.

The shelf assets accord to 58% of W&T Offshore’s circadian oil-equivalent production. The aggregation recorded accurate or 1

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