FY2024 EPS Estimate for W&T Offshore Reduced by Analyst

W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for W&T Offshore in a note issued to investors on Thursday, November 21st. Roth Capital analyst J. White now forecasts that the oil and gas company will post earnings per share of ($0.52) for the year, down from their previous forecast of ($0.46). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share. Roth Capital also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.25) EPS, 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 ($0.11) EPS and FY2025 earnings at ($0.46) EPS.

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

W&T Offshore Stock Down 0.5 %

Shares of W&T Offshore stock opened at $1.97 on Monday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. W&T Offshore has a 1-year low of $1.92 and a 1-year high of $3.55. The business’s fifty day moving average price is $2.16 and its two-hundred day moving average price is $2.21. The company has a market capitalization of $290.30 million, a P/E ratio of -4.58 and a beta of 1.40.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, November 21st. W&T Offshore’s dividend payout ratio is -9.30%.

Institutional Trading of W&T Offshore

Several hedge funds and other institutional investors have recently modified their holdings of WTI. Quadrature Capital Ltd purchased a new stake in shares of W&T Offshore in the first quarter worth approximately $629,000. Price T Rowe Associates Inc. MD boosted its stake in shares of W&T Offshore by 26.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,409 shares of the oil and gas company’s stock valued at $78,000 after buying an additional 6,187 shares during the period. Paloma Partners Management Co purchased a new position in shares of W&T Offshore during the 1st quarter valued at $36,000. Bayesian Capital Management LP acquired a new position in shares of W&T Offshore in the first quarter worth $56,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of W&T Offshore by 174.0% during 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. Institutional investors and hedge funds own 42.88% of the company’s stock.

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.