Zacks Research Increases Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Zacks Research lifted their Q1 2026 earnings estimates for W&T Offshore in a research note issued to investors on Thursday, December 19th. Zacks Research analyst N. Banerjee now anticipates that the oil and gas company will post earnings of $0.00 per share 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 upgraded W&T Offshore from a "sell" rating to a "hold" rating in a report on Friday, December 13th.

W&T Offshore Price Performance

Shares of WTI stock traded up $0.07 during trading hours on Monday, hitting $1.51. The company's stock had a trading volume of 2,064,130 shares, compared to its average volume of 2,110,811. 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 has a twelve month low of $1.33 and a twelve month high of $3.44. The stock has a market cap of $222.51 million, a price-to-earnings ratio of -3.51 and a beta of 1.35. The business has a fifty day moving average of $1.95 and a 200-day moving average of $2.13.

Hedge Funds Weigh In On W&T Offshore

Institutional investors have recently modified their holdings of the company. Huber Capital Management LLC increased its stake in W&T Offshore by 18.1% in the second quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company's stock valued at $10,194,000 after purchasing an additional 731,254 shares during the last quarter. Geode Capital Management LLC grew its holdings in W&T Offshore by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company's stock valued at $4,616,000 after buying an additional 52,186 shares during the period. Bank of New York Mellon Corp increased its stake in shares of W&T Offshore by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,009,865 shares of the oil and gas company's stock valued at $2,161,000 after acquiring an additional 50,094 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of W&T Offshore by 197.3% during the 2nd quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company's stock worth $884,000 after acquiring an additional 274,156 shares during the period. Finally, Aristeia Capital L.L.C. boosted its position in shares of W&T Offshore by 160.9% in the second quarter. Aristeia Capital L.L.C. now owns 311,497 shares of the oil and gas company's stock worth $667,000 after acquiring an additional 192,088 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company's stock.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.65%. The ex-dividend date was Thursday, November 21st. W&T Offshore's payout ratio is -9.30%.

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.