Zacks Research Has Positive View of W&T Offshore Q3 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research upped their Q3 2026 earnings estimates for shares of W&T Offshore in a report issued on Monday, March 30th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of ($0.14) for the quarter, up from their previous estimate of ($0.18). Zacks Research has a “Hold” rating on the stock. 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 Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.43) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.29) EPS.

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

W&T Offshore Price Performance

NYSE:WTI opened at $3.02 on Wednesday. W&T Offshore has a one year low of $1.09 and a one year high of $4.04. The company has a market cap of $448.57 million, a PE ratio of -2.99 and a beta of 0.08. The firm has a 50-day moving average of $2.68 and a 200-day moving average of $2.16.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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.

Institutional Trading of W&T Offshore

Several institutional investors have recently made changes to their positions in WTI. AXQ Capital LP bought a new position in shares of W&T Offshore during the third quarter valued at about $28,000. StoneX Group Inc. purchased a new position in W&T Offshore during the fourth quarter worth about $28,000. Oxford Asset Management LLP bought a new stake in W&T Offshore in the 2nd quarter worth about $29,000. HBK Sorce Advisory LLC purchased a new stake in W&T Offshore in the 3rd quarter valued at about $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in W&T Offshore in the 3rd quarter valued at about $30,000. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, March 19th. W&T Offshore’s payout ratio is currently -3.96%.

More W&T Offshore News

Here are the key news stories impacting W&T Offshore this week:

• Positive Sentiment: Zacks raised WTI’s FY2026 and FY2027 profit forecasts (FY2026: from -$0.45 to -$0.43; FY2027: from -$0.36 to -$0.29), signaling modestly improved earnings visibility versus prior projections. MarketBeat WTI
• Positive Sentiment: Zacks also lifted several near-term quarterly EPS estimates (Q1–Q3 2026/2027 and Q2/Q3 2027 in particular), suggesting analysts see some operational or commodity-price recovery ahead. MarketBeat WTI
• Neutral Sentiment: Zacks continues to carry a “Hold” rating on WTI, indicating analysts are not currently recommending aggressive buying despite the estimate tweaks. MarketBeat WTI
• Neutral Sentiment: Media coverage has included WTI in lists of small-cap/penny oil names, which can increase retail attention but doesn’t change fundamentals by itself. InsiderMonkey Article
• Negative Sentiment: Zacks trimmed Q4 2026 and Q4 2027 EPS forecasts (Q4 2026 to -$0.06 from -$0.04; Q4 2027 to -$0.05 and in one note to -$0.05/-$0.06), which pressures near-term expectations. MarketBeat WTI
• Negative Sentiment: WTI reported a Q4 (reported March 16) EPS miss (reported -$0.14 vs. consensus -$0.06), which likely weighed on sentiment and contributed to the share weakness. MarketBeat WTI
• Negative Sentiment: Macro: Brent crude plunged ~9% on reports Iran may seek a deal — lower oil prices hurt revenue/realizations for small producers like W&T. FXEmpire Article

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.