Q4 EPS Estimates for W&T Offshore Raised by Zacks Research

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Research analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for shares of W&T Offshore in a research report issued to clients and investors on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of ($0.22) for the quarter, up from their prior estimate of ($0.26). The consensus estimate for W&T Offshore's current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for W&T Offshore's Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.45) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.01) EPS.

Separately, StockNews.com upgraded shares of W&T Offshore from a "sell" rating to a "hold" rating in a report on Friday, December 13th.

W&T Offshore Stock Down 0.3 %

NYSE WTI traded down $0.01 during trading on Friday, reaching $1.72. The company's stock had a trading volume of 1,271,215 shares, compared to its average volume of 2,189,628. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. The stock has a market capitalization of $252.72 million, a PE ratio of -3.99 and a beta of 1.34. W&T Offshore has a 1-year low of $1.33 and a 1-year high of $3.28. The business has a 50-day moving average price of $1.76 and a 200-day moving average price of $2.06.

W&T Offshore (NYSE:WTI - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The business had revenue of $121.37 million for the quarter, compared to analyst estimates of $136.01 million. During the same quarter in the previous year, the business earned $0.01 earnings per share.

W&T Offshore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.04 annualized dividend and a yield of 2.33%. W&T Offshore's payout ratio is -9.30%.

Institutional Investors Weigh In On W&T Offshore

Several hedge funds have recently modified their holdings of WTI. Squarepoint Ops LLC increased 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 acquiring an additional 274,156 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of W&T Offshore during the third quarter worth approximately $316,000. Ballentine Partners LLC bought a new position in W&T Offshore in the 3rd quarter valued at $295,000. Barclays PLC grew its holdings in shares of W&T Offshore by 317.3% during the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 107,045 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of W&T Offshore by 307.5% in the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company's stock valued at $297,000 after buying an additional 104,156 shares during the last quarter. 42.88% of the stock is owned by institutional investors.

W&T Offshore Company Profile

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.