W&T Offshore Q2 EPS Forecast Decreased by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Investment analysts at Zacks Research dropped their Q2 2026 EPS estimates for shares of W&T Offshore in a report released on Friday, April 17th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of ($0.13) for the quarter, down from their previous estimate of ($0.11). Zacks Research has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.32) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.09) EPS, FY2027 earnings at ($0.30) EPS and Q1 2028 earnings at ($0.04) EPS.

Several other brokerages have also issued reports on WTI. William Blair initiated coverage on shares of W&T Offshore in a research note on Friday, April 17th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research note on Monday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

W&T Offshore Trading Up 20.1%

Shares of NYSE WTI opened at $3.89 on Wednesday. The firm has a market capitalization of $578.75 million, a PE ratio of -3.85 and a beta of 0.09. W&T Offshore has a 1 year low of $1.13 and a 1 year high of $4.04. The firm’s 50-day moving average is $2.95 and its 200-day moving average is $2.29.

W&T Offshore (NYSE:WTI) last issued its earnings results on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The firm had revenue of $121.71 million for the quarter, compared to the consensus estimate of $115.36 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WTI. AQR Capital Management LLC boosted its stake in W&T Offshore by 309.7% during the 1st quarter. AQR Capital Management LLC now owns 120,911 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 91,400 shares during the last quarter. Millennium Management LLC boosted its stake in W&T Offshore by 24.2% during the 1st quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock worth $4,761,000 after acquiring an additional 598,614 shares during the last quarter. Jane Street Group LLC lifted its stake in W&T Offshore by 826.2% in the first quarter. Jane Street Group LLC now owns 324,807 shares of the oil and gas company’s stock valued at $503,000 after buying an additional 289,739 shares in the last quarter. Geode Capital Management LLC lifted its stake in W&T Offshore by 2.3% in the second quarter. Geode Capital Management LLC now owns 2,341,646 shares of the oil and gas company’s stock valued at $3,864,000 after buying an additional 52,982 shares in the last quarter. Finally, Creative Planning lifted its stake in W&T Offshore by 42.3% in the second quarter. Creative Planning now owns 42,885 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 12,749 shares in the last quarter. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 19th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.04 annualized dividend and a yield of 1.0%. W&T Offshore’s dividend payout ratio (DPR) is presently -3.96%.

Key W&T Offshore News

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

• Positive Sentiment: An analyst issued a fresh “Outperform” call on WTI, highlighting reasons that pushed a buy-style recommendation and helping lift shares. WTI Stock Just Got A Fresh Outperform Call — Here’s What Stands Out
• Positive Sentiment: Zacks Research nudged up several quarterly forecasts (notably Q1 2027 and Q3 2027, plus a small lift to Q4 2026), which reduces near‑term downside in some periods and may support sentiment. MarketBeat WTI
• Neutral Sentiment: Zacks maintains a “Hold” rating on WTI and the consensus full‑year loss estimate remains negative (consensus FY currently around ($0.43) per share), indicating mixed analyst conviction despite isolated upgrades. MarketBeat WTI
• Negative Sentiment: Zacks also lowered several near‑term estimates (including cuts to Q2 2026, Q2 2027 and Q4 2027) and trimmed its FY2027 view slightly to ($0.30) from ($0.29), a signal that earnings recovery expectations have weakened and could weigh on the stock if industry or production headwinds persist. MarketBeat WTI
• Negative Sentiment: Overall the Zacks report shows mixed revisions across multiple quarters (some upgrades, several downgrades), adding uncertainty about timing of a sustained earnings rebound—this ambiguity can increase volatility and put pressure on valuation until clearer operational/commodity signals emerge. MarketBeat WTI

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.