Zacks Research Predicts W&T Offshore Q1 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research issued their Q1 2028 earnings estimates for W&T Offshore in a research report issued to clients and investors on Monday, March 30th. Zacks Research analyst Team expects that the oil and gas company will post earnings per share of ($0.01) for the quarter. 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 reiterated a “sell (d-)” rating on shares of W&T Offshore in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

W&T Offshore Stock Up 4.5%

NYSE:WTI opened at $3.15 on Thursday. The company has a market cap of $467.91 million, a PE ratio of -3.11 and a beta of 0.09. The business’s 50 day moving average is $2.71 and its two-hundred day moving average is $2.16. W&T Offshore has a 52 week low of $1.09 and a 52 week high of $4.04.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results 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 company had revenue of $121.71 million during the quarter, compared to analyst estimates of $115.36 million.

W&T Offshore Dividend Announcement

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

Institutional Investors Weigh In On W&T Offshore

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in W&T Offshore by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,828,361 shares of the oil and gas company’s stock valued at $12,428,000 after acquiring an additional 19,283 shares during the period. Millennium Management LLC raised its position in shares of 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 purchasing an additional 598,614 shares during the period. State Street Corp lifted its holdings in shares of W&T Offshore by 0.5% in the 4th quarter. State Street Corp now owns 2,680,643 shares of the oil and gas company’s stock worth $4,369,000 after purchasing an additional 14,426 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of W&T Offshore by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,540,588 shares of the oil and gas company’s stock worth $4,141,000 after purchasing an additional 508,050 shares during the last quarter. Finally, UBS Group AG boosted its position in W&T Offshore by 381.1% during the 4th quarter. UBS Group AG now owns 2,400,024 shares of the oil and gas company’s stock valued at $3,912,000 after purchasing an additional 1,901,213 shares during the period. Institutional investors and hedge funds own 42.88% of the company’s stock.

Key Headlines Impacting W&T Offshore

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

• Positive Sentiment: Macro/market call: Analyst Ben Cook argues U.S. crude (WTI) has recently outperformed Brent and that headline-driven easing of geopolitical risk could lift energy sentiment — a tailwind for E&P names like W&T Offshore. WTI Crude Prices Overcome Brent, Implications for Inventories & FOMC
• Positive Sentiment: Zacks raised several forward estimates (including FY2026 and FY2027 upgrades and some quarterly raises), signaling an improving earnings trajectory over the medium term — this can support sentiment for WTI as expectations move toward smaller losses. Zacks Research Estimates W&T Offshore FY2028 Earnings
• Neutral Sentiment: Zacks continues to carry a “Hold” rating and the consensus full‑year EPS remains negative (around -$0.45), so analyst sentiment is cautious despite some estimate tweaks — this limits upside until profitability or guidance meaningfully improves. Zacks Research Estimates W&T Offshore FY2028 Earnings
• Negative Sentiment: Offsetting the raises, Zacks trimmed certain near‑term quarter estimates (notably Q4 2026 and Q4 2027 in their updates), underscoring persistent short‑term headwinds and continued quarterly losses — a driver for continued stock volatility and downside risk until operational results improve. Zacks Research Estimates W&T Offshore FY2028 Earnings

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.