W&T Offshore (W&T Offshore) Momentum Rank : 3 (As of May. 04, 2024)

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What is W&T Offshore Momentum Rank?

W&T Offshore has the Momentum Rank of 3.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of W&T Offshore's Momentum Rank

For the Oil & Gas E&P subindustry, W&T Offshore's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

W&T Offshore's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, W&T Offshore's Momentum Rank distribution charts can be found below:

* The bar in red indicates where W&T Offshore's Momentum Rank falls into.

W&T Offshore Momentum Rank Related Terms

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W&T Offshore (W&T Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » W&T Offshore Inc (NYSE:WTI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

UWV:Germany

Address

5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745

Website

https://www.wtoffshore.com

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion.

Executives

Sameer Parasnis	officer: EVP & Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Nancy T Chang	director	101 WESTCOTT, SUITE 603, HOUSTON TX 77007
Jonathan Charles Curth	officer: See Remarks	5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Hartman Bart P. Iii	officer: VP and CAO	5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057
Conwill Daniel O. Iv	director	400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130
Shahid Ghauri	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Virginia Boulet	director	909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112
B Frank Stanley	director	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Tracy W Krohn	director, 10 percent owner, officer: Chairman & CEO	EIGHT GREENWAY PLAZA, HOUSTON TX 77046
Stuart B Katz	director	520 MADISON AVE., NEW YORK NY 10022
William J Williford	officer: EVP and GM of Gulf of Mexico	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
David M Bump	officer: See Remarks	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Sunghee Janet Yang	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Stephen L Schroeder	officer: SVP & Chief Technical Officer	C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046
John D Gibbons	officer: SVP & Chief Financial Officer	P.O. BOX 500, SAN ANTONIO TX 78292-0500