W&T Offshore, Inc. (NYSE:WTI - Free Report) - Zacks Research lowered their Q1 2025 earnings estimates for W&T Offshore in a note issued to investors on Monday, March 17th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of ($0.12) for the quarter, down from their prior estimate of ($0.11). 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 Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at ($0.48) EPS, Q1 2026 earnings at ($0.06) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.05) EPS and Q4 2026 earnings at ($0.04) EPS.
Separately, StockNews.com downgraded shares of W&T Offshore from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th.
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W&T Offshore Stock Performance
NYSE:WTI traded up $0.05 during trading hours on Thursday, reaching $1.65. 819,907 shares of the company's stock were exchanged, compared to its average volume of 1,742,624. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The firm has a market capitalization of $242.86 million, a price-to-earnings ratio of -3.83 and a beta of 1.14. W&T Offshore has a 1-year low of $1.30 and a 1-year high of $2.84. The company has a 50-day moving average of $1.65 and a 200 day moving average of $1.86.
W&T Offshore Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, March 17th. W&T Offshore's dividend payout ratio is presently -6.78%.
Hedge Funds Weigh In On W&T Offshore
Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of W&T Offshore in the fourth quarter valued at about $32,000. US Bancorp DE acquired a new position in W&T Offshore during the 4th quarter worth approximately $33,000. Ethic Inc. purchased a new position in shares of W&T Offshore during the 4th quarter worth approximately $36,000. Boothbay Fund Management LLC acquired a new stake in shares of W&T Offshore in the 4th quarter valued at approximately $41,000. Finally, R Squared Ltd purchased a new stake in shares of W&T Offshore in the fourth quarter valued at approximately $54,000. 42.88% of the stock is owned by institutional investors and hedge funds.
About W&T Offshore
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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.
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