Zacks Research Forecasts Stronger Earnings for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Analysts at Zacks Research boosted their Q3 2026 earnings estimates for W&T Offshore in a research note issued on Tuesday, September 23rd. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings of ($0.18) per share for the quarter, up from their previous forecast of ($0.19). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share. Zacks Research also issued estimates for W&T Offshore’s FY2027 earnings at ($0.37) EPS.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The company had revenue of $122.37 million for the quarter, compared to analysts’ expectations of $131.30 million.

A number of other equities analysts have also recently issued reports on the company. Pareto Securities initiated coverage on W&T Offshore in a report on Thursday, September 4th. They issued a “buy” rating for the company. Wall Street Zen raised W&T Offshore from a “sell” rating to a “hold” rating in a research note on Sunday, September 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, W&T Offshore has a consensus rating of “Buy”.

W&T Offshore Stock Down 0.8%

WTI opened at $1.95 on Thursday. The business’s fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.61. W&T Offshore has a 52 week low of $1.09 and a 52 week high of $2.84. The stock has a market cap of $288.52 million, a PE ratio of -2.56 and a beta of 0.73.

Hedge Funds Weigh In On W&T Offshore

A number of large investors have recently bought and sold shares of WTI. Oxford Asset Management LLP purchased a new stake in shares of W&T Offshore during the second quarter valued at approximately $29,000. Raymond James Financial Inc. increased its stake in shares of W&T Offshore by 42.7% in the second quarter. Raymond James Financial Inc. now owns 21,957 shares of the oil and gas company’s stock worth $36,000 after buying an additional 6,569 shares during the period. EverSource Wealth Advisors LLC raised its holdings in W&T Offshore by 9,792.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 27,303 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 27,027 shares during the last quarter. Prudential Financial Inc. purchased a new stake in W&T Offshore during the 2nd quarter valued at $50,000. Finally, Banco BTG Pactual S.A. bought a new stake in W&T Offshore in the 2nd quarter worth $66,000. 42.88% of the stock is owned by hedge funds and other institutional investors.

W&T Offshore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, August 18th. This represents a $0.04 annualized dividend and a yield of 2.1%. W&T Offshore’s dividend payout ratio is currently -5.26%.

About W&T Offshore

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.