Zacks Research Increases Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for W&T Offshore in a report issued on Tuesday, January 21st. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of ($0.22) for the quarter, up from their previous forecast of ($0.26). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for W&T Offshore’s Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.45) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.01) EPS.

W&T Offshore (NYSE:WTI) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%. The business had revenue of $121.37 million during the quarter, compared to analysts’ expectations of $136.01 million. During the same period in the prior year, the business posted $0.01 EPS.

Separately, StockNews.com upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a research report on Friday, December 13th.

W&T Offshore Trading Down 0.3 %

Shares of WTI stock opened at $1.72 on Friday. The company has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.06. The firm has a market cap of $252.72 million, a PE ratio of -3.99 and a beta of 1.34. 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 1-year low of $1.33 and a 1-year high of $3.28.

Institutional Trading of W&T Offshore

Several large investors have recently bought and sold shares of WTI. R Squared Ltd purchased a new position in shares of W&T Offshore during the 4th quarter worth approximately $54,000. Exchange Traded Concepts LLC increased its position in W&T Offshore by 34.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 197,384 shares of the oil and gas company’s stock worth $328,000 after buying an additional 50,639 shares in the last quarter. Barclays PLC increased its position in W&T Offshore by 317.3% during the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock worth $303,000 after buying an additional 107,045 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of W&T Offshore by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock worth $4,616,000 after acquiring an additional 52,186 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of W&T Offshore by 307.5% in the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock valued at $297,000 after acquiring an additional 104,156 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, November 21st. W&T Offshore’s dividend payout ratio (DPR) is -9.30%.

About W&T Offshore

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.