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W&t Offshore, Inc. (WTI) [hlAlert]

Rating:
Hold WTI
up 109.67 %

W&t Offshore, Inc. (WTI) downgraded to Hold with price target $12 by Jefferies & Co

Posted on: Friday,  Nov 6, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold W&t Offshore, Inc. (NYSE: WTI) on 11/06/2009. Previously Jefferies & Co rated Buy W&t Offshore, Inc. (NYSE: WTI)
on 03/16/2009., when the stock price was $5.27. Since then, W&t Offshore, Inc. has gained 109.68% as of 11/06/2009's recent price of $11.05.
If you would have followed the previous Jefferies & Co's recommendation on WTI, you would have gained 109.67% of your investment in 235 days.

W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/6/2009 8:25 AM Hold
None
11.05 12.00
as of 12/31/2009
1 Week   
1 Month   
3 Months down  -5.63 %
1 YTD up  109.67 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/16/2009 8:25 AM Buy
None
5.27 8.00

(*) Stock Price at the time of the recommendation.
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