FY2024 EPS Estimates for W&T Offshore Decreased by Analyst

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research reduced their FY2024 earnings per share estimates for W&T Offshore in a research note issued on Monday, December 9th. Zacks Research analyst N. Banerjee now forecasts that the oil and gas company will post earnings of ($0.46) per share for the year, down from their prior forecast of ($0.44). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.48) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.10) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.41) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at ($0.02) EPS and Q3 2026 earnings at $0.00 EPS.

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

W&T Offshore Stock Down 4.1 %

W&T Offshore stock opened at $1.76 on Thursday. The firm’s 50 day moving average price is $2.07 and its two-hundred day moving average price is $2.16. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. W&T Offshore has a twelve month low of $1.70 and a twelve month high of $3.44. The firm has a market cap of $258.62 million, a PE ratio of -4.08 and a beta of 1.35.

W&T Offshore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.28%. W&T Offshore’s dividend payout ratio is -9.30%.

Institutional Investors Weigh In On W&T Offshore

Hedge funds have recently modified their holdings of the business. CCG Wealth Management LLC bought a new position in shares of W&T Offshore in the 2nd quarter valued at about $26,000. Verum Partners LLC bought a new position in W&T Offshore in the 3rd quarter valued at about $32,000. Caprock Group LLC bought a new stake in shares of W&T Offshore during the second quarter worth approximately $34,000. Sei Investments Co. acquired a new position in W&T Offshore in the 2nd quarter valued at $37,000. Finally, Signaturefd LLC increased its position in W&T Offshore by 203.1% during the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 13,161 shares during the period. Institutional investors and hedge funds 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.