Zacks Research Predicts W&T Offshore FY2028 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Analysts at Zacks Research issued their FY2028 earnings per share estimates for shares of W&T Offshore in a report released on Monday, March 30th. Zacks Research analyst Team anticipates that the oil and gas company will earn $0.20 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

W&T Offshore Stock Performance

W&T Offshore stock opened at $3.41 on Tuesday. The firm’s 50-day moving average is $2.66 and its 200-day moving average is $2.15. W&T Offshore has a 1 year low of $1.09 and a 1 year high of $4.04. The company has a market cap of $506.59 million, a P/E ratio of -3.37 and a beta of 0.26.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Monday, March 16th. The oil and gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The business had revenue of $121.71 million for the quarter, compared to analysts’ expectations of $115.36 million.

W&T Offshore Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 19th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. W&T Offshore’s dividend payout ratio is currently -3.96%.

Institutional Trading of W&T Offshore

Hedge funds have recently bought and sold shares of the company. AXQ Capital LP acquired a new position in W&T Offshore during the 3rd quarter valued at about $28,000. HBK Sorce Advisory LLC bought a new stake in shares of W&T Offshore during the third quarter valued at approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of W&T Offshore during the third quarter worth approximately $30,000. CWM LLC boosted its position in shares of W&T Offshore by 181.6% during the third quarter. CWM LLC now owns 16,908 shares of the oil and gas company’s stock worth $31,000 after buying an additional 10,904 shares during the period. Finally, StoneX Group Inc. bought a new position in W&T Offshore in the 4th quarter worth approximately $28,000. 42.88% of the stock is currently owned by institutional investors.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.