Zacks Research Forecasts Increased Earnings for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of W&T Offshore in a research report issued on Thursday, November 21st. Zacks Research analyst N. Banerjee now expects that the oil and gas company will post earnings of $0.01 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share.

Separately, StockNews.com cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Thursday, September 19th.

W&T Offshore Stock Down 0.5 %

Shares of NYSE WTI opened at $1.97 on Monday. The stock has a market capitalization of $290.30 million, a P/E ratio of -4.58 and a beta of 1.40. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. W&T Offshore has a one year low of $1.92 and a one year high of $3.55. The firm’s 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $2.21.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.04 annualized dividend and a yield of 2.03%. W&T Offshore’s payout ratio is currently -9.30%.

Institutional Trading of W&T Offshore

A number of institutional investors have recently made changes to their positions in the stock. Huber Capital Management LLC increased its stake in shares of W&T Offshore by 18.1% in the second quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company’s stock worth $10,194,000 after buying an additional 731,254 shares during the period. Squarepoint Ops LLC grew its holdings in W&T Offshore by 197.3% in the 2nd quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock worth $884,000 after acquiring an additional 274,156 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of W&T Offshore by 174.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company’s stock valued at $1,053,000 after acquiring an additional 252,394 shares during the period. Quadrature Capital Ltd bought a new position in shares of W&T Offshore during the first quarter valued at about $629,000. Finally, Aristeia Capital L.L.C. boosted its holdings in shares of W&T Offshore by 160.9% during the second quarter. Aristeia Capital L.L.C. now owns 311,497 shares of the oil and gas company’s stock worth $667,000 after purchasing an additional 192,088 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Company Profile

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.