Zacks Research Forecasts Higher Earnings for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Equities researchers at Zacks Research increased their Q3 2026 earnings per share estimates for shares of W&T Offshore in a research report issued on Thursday, November 21st. Zacks Research analyst N. Banerjee now anticipates that the oil and gas company will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for W&T Offshore's current full-year earnings is ($0.49) per share.

Separately, StockNews.com lowered W&T Offshore from a "hold" rating to a "sell" rating in a research note on Thursday, September 19th.

W&T Offshore Price Performance

Shares of WTI traded up $0.01 during mid-day trading on Monday, reaching $1.98. The company had a trading volume of 3,770,290 shares, compared to its average volume of 2,099,492. The company has a market capitalization of $291.77 million, a P/E ratio of -4.60 and a beta of 1.40. The company's 50-day moving average is $2.16 and its 200-day moving average is $2.21. W&T Offshore has a twelve month low of $1.90 and a twelve month high of $3.55. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

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. Jacobs Levy Equity Management Inc. increased its holdings in shares of W&T Offshore by 174.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company's stock worth $1,053,000 after acquiring an additional 252,394 shares in the last quarter. Squarepoint Ops LLC lifted its stake in W&T Offshore by 197.3% in the second quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company's stock valued at $884,000 after buying an additional 274,156 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of W&T Offshore during the first quarter worth $629,000. Virtu Financial LLC bought a new stake in shares of W&T Offshore during the first quarter worth $191,000. Finally, Huber Capital Management LLC raised its holdings in shares of W&T Offshore by 18.1% during the second quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company's stock worth $10,194,000 after acquiring an additional 731,254 shares during the period. Institutional investors own 42.88% of the company's stock.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.02%. W&T Offshore's dividend payout ratio is currently -9.30%.

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.