Q1 EPS Estimates for W&T Offshore Reduced by Zacks Research

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Analysts at Zacks Research cut their Q1 2025 earnings per share estimates for shares of W&T Offshore in a note issued to investors on Thursday, April 3rd. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of ($0.13) for the quarter, down from their prior estimate of ($0.12). The consensus estimate for W&T Offshore's current full-year earnings is ($0.45) per share. Zacks Research also issued estimates for W&T Offshore's Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.44) EPS, Q1 2026 earnings at ($0.10) EPS, Q2 2026 earnings at ($0.11) EPS, Q3 2026 earnings at ($0.10) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.40) EPS, Q1 2027 earnings at ($0.11) EPS and FY2027 earnings at ($0.40) EPS.

Separately, StockNews.com downgraded W&T Offshore from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th.

W&T Offshore Price Performance

Shares of WTI stock traded up $0.04 during mid-day trading on Monday, hitting $1.17. 1,419,231 shares of the stock were exchanged, compared to its average volume of 1,739,483. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore has a 52-week low of $1.09 and a 52-week high of $2.84. The firm has a fifty day moving average of $1.54 and a 200 day moving average of $1.79. The company has a market cap of $172.00 million, a PE ratio of -2.71 and a beta of 0.94.

Hedge Funds Weigh In On W&T Offshore

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huber Capital Management LLC increased its stake in shares of W&T Offshore by 10.6% during the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock worth $8,384,000 after purchasing an additional 483,954 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in W&T Offshore by 427.0% in 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 buying an additional 3,104,484 shares during the last quarter. Millennium Management LLC increased its stake in W&T Offshore by 31.2% during the 4th quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company's stock worth $4,105,000 after buying an additional 588,106 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of W&T Offshore by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,189,364 shares of the oil and gas company's stock valued at $3,635,000 after acquiring an additional 42,795 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of W&T Offshore by 41.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock valued at $2,096,000 after acquiring an additional 368,803 shares during the last quarter. 42.88% of the stock is owned by hedge funds and other institutional investors.

W&T Offshore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Monday, March 17th. W&T Offshore's dividend payout ratio is presently -6.78%.

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.