W&T Offshore FY2024 EPS Estimate Lowered by Zacks Research

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Research analysts at Zacks Research dropped their FY2024 EPS estimates for W&T Offshore in a research note issued to investors on Monday, December 9th. Zacks Research analyst N. Banerjee now anticipates 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 lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a research report on Thursday, September 19th.

W&T Offshore Price Performance

WTI stock traded down $0.08 during trading hours on Thursday, hitting $1.76. 2,556,785 shares of the stock traded hands, compared to its average volume of 2,082,688. The stock has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $2.16. The company has a market cap of $258.62 million, a P/E ratio of -4.08 and a beta of 1.35. W&T Offshore has a one year low of $1.70 and a one year high of $3.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32.

W&T Offshore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given 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 dividend yield of 2.28%. W&T Offshore's dividend payout ratio (DPR) is presently -9.30%.

Institutional Investors Weigh In On W&T Offshore

Several large investors have recently modified their holdings of WTI. CCG Wealth Management LLC purchased a new position in shares of W&T Offshore in the second quarter worth approximately $26,000. Verum Partners LLC acquired a new position in W&T Offshore in the 3rd quarter worth approximately $32,000. Caprock Group LLC purchased a new position in W&T Offshore during the 2nd quarter worth approximately $34,000. Sei Investments Co. acquired a new stake in W&T Offshore during the 2nd quarter valued at $37,000. Finally, Signaturefd LLC lifted its holdings in shares of W&T Offshore by 203.1% in the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 13,161 shares in the last quarter. 42.88% of the stock is owned by institutional investors.

About W&T Offshore

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.