Fly News Breaks for May 15, 2018
WTI
May 15, 2018 | 08:22 EDT
KLR Group analyst Gail Nicholson downgraded W&T Offshore (WTI) to Sell from Hold after the stock outperformed the SPDR Oil Exploration and Production Fund (XOP) by about 54% over the last month. However, Nicholson increased her price target on W&T Offshore to $6 from $4.50, driven by a 1% increase in her 2018 volume outlook and a 7% increase in her 2019 production forecast, partly offset by a 3% increase in her operating expense assumptions.
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