Zacks Research Reduces Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Zacks Research dropped their FY2024 earnings estimates for W&T Offshore in a report released on Monday, December 9th. Zacks Research analyst N. Banerjee now anticipates that the oil and gas company will post earnings per share of ($0.46) for the year, down from their prior estimate of ($0.44). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.48) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.10) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.41) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at ($0.02) EPS and Q3 2026 earnings at $0.00 EPS.

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

W&T Offshore Price Performance

WTI stock opened at $1.76 on Thursday. W&T Offshore has a 1 year low of $1.70 and a 1 year high of $3.44. The firm has a market capitalization of $258.62 million, a PE ratio of -4.08 and a beta of 1.35. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $2.07 and a 200-day simple moving average of $2.16.

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 given a dividend of $0.01 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.28%. W&T Offshore’s dividend payout ratio (DPR) is currently -9.30%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CCG Wealth Management LLC bought a new stake in shares of W&T Offshore in the 2nd quarter worth about $26,000. Verum Partners LLC bought a new position in shares of W&T Offshore in the 3rd quarter worth about $32,000. Caprock Group LLC acquired a new position in shares of W&T Offshore in the 2nd quarter valued at about $34,000. Sei Investments Co. bought a new stake in shares of W&T Offshore during the 2nd quarter valued at about $37,000. Finally, Signaturefd LLC lifted its holdings in W&T Offshore by 203.1% in the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 13,161 shares during the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

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.