Q3 EPS Estimates for W&T Offshore Lifted by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of W&T Offshore in a research note issued on Thursday, November 21st. Zacks Research analyst N. Banerjee now forecasts that the oil and gas company will earn $0.01 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share.

Separately, StockNews.com cut shares of 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 NYSE:WTI opened at $1.97 on Monday. The company has a market capitalization of $290.30 million, a P/E ratio of -4.58 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. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. W&T Offshore has a fifty-two week low of $1.92 and a fifty-two week high of $3.55.

Institutional Investors Weigh In On W&T Offshore

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huber Capital Management LLC boosted its position in 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 purchasing an additional 731,254 shares during the period. Geode Capital Management LLC grew its stake 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 in the last quarter. Bank of New York Mellon Corp grew its stake in W&T Offshore by 5.2% in 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 buying an additional 50,094 shares in the last quarter. Squarepoint Ops LLC raised its holdings in 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 valued at $884,000 after acquiring an additional 274,156 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position 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. 42.88% of the stock is currently owned by institutional investors.

W&T Offshore Dividend Announcement

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