FY2024 EPS Estimates for W&T Offshore Raised by Roth Capital

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Equities researchers at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for W&T Offshore in a note issued to investors on Wednesday, February 12th. Roth Capital analyst J. White now forecasts that the oil and gas company will earn ($0.41) per share for the year, up from their prior estimate of ($0.52). The consensus estimate for W&T Offshore's current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for W&T Offshore's Q4 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.41) EPS, Q1 2025 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.10) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.35) EPS.

Separately, StockNews.com raised shares of W&T Offshore from a "sell" rating to a "hold" rating in a research note on Friday, December 13th.

W&T Offshore Trading Up 0.8 %

Shares of NYSE WTI traded up $0.02 during mid-day trading on Monday, reaching $1.86. 1,090,271 shares of the company's stock were exchanged, compared to its average volume of 1,568,479. The firm has a market capitalization of $273.35 million, a price-to-earnings ratio of -4.31 and a beta of 1.32. W&T Offshore has a 52-week low of $1.33 and a 52-week high of $3.16. The company's 50-day moving average is $1.67 and its 200-day moving average is $1.97. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WTI. Ameriprise Financial Inc. lifted its stake in W&T Offshore by 427.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company's stock worth $6,360,000 after acquiring an additional 3,104,484 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of W&T Offshore in the fourth quarter valued at approximately $1,608,000. Millennium Management LLC grew its holdings in shares of W&T Offshore by 31.2% in the fourth quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company's stock valued at $4,105,000 after purchasing an additional 588,106 shares in the last quarter. Huber Capital Management LLC lifted its holdings in W&T Offshore by 10.6% during the 4th quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock worth $8,384,000 after buying an additional 483,954 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in W&T Offshore by 86.0% in the 4th quarter. First Trust Advisors LP now owns 974,242 shares of the oil and gas company's stock valued at $1,617,000 after buying an additional 450,467 shares during the period. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Company Profile

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.