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Are Investors Undervaluing W&T Offshore (WTI) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
W&T Offshore (WTI - Free Report) is a stock many investors are watching right now. WTI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 6.68, while its industry has an average P/E of 10.63. Over the past year, WTI's Forward P/E has been as high as 32.31 and as low as 5.93, with a median of 9.82.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. WTI has a P/S ratio of 1.5. This compares to its industry's average P/S of 2.03.
Finally, we should also recognize that WTI has a P/CF ratio of 2.96. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 5.09. WTI's P/CF has been as high as 5.56 and as low as 1.55, with a median of 3.43, all within the past year.
These are just a handful of the figures considered in W&T Offshore's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that WTI is an impressive value stock right now.
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Are Investors Undervaluing W&T Offshore (WTI) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
W&T Offshore (WTI - Free Report) is a stock many investors are watching right now. WTI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 6.68, while its industry has an average P/E of 10.63. Over the past year, WTI's Forward P/E has been as high as 32.31 and as low as 5.93, with a median of 9.82.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. WTI has a P/S ratio of 1.5. This compares to its industry's average P/S of 2.03.
Finally, we should also recognize that WTI has a P/CF ratio of 2.96. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 5.09. WTI's P/CF has been as high as 5.56 and as low as 1.55, with a median of 3.43, all within the past year.
These are just a handful of the figures considered in W&T Offshore's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that WTI is an impressive value stock right now.