Analysts Set Expectations for W&T Offshore FY2024 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Analysts at Roth Capital upped their FY2024 earnings estimates for shares of W&T Offshore in a research report issued to clients and investors on Wednesday, February 12th. Roth Capital analyst J. White now expects that the oil and gas company will post earnings per share of ($0.41) for the year, up from their prior estimate of ($0.52). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.41) EPS, Q1 2025 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.10) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.35) EPS.

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

W&T Offshore Trading Up 5.1 %

Shares of WTI opened at $1.76 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 $1.33 and a 1 year high of $3.17. The company has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.97. The firm has a market cap of $258.62 million, a P/E ratio of -4.08 and a beta of 1.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WTI. Raymond James Financial Inc. purchased a new position in shares of W&T Offshore in the fourth quarter valued at $32,000. US Bancorp DE purchased a new position in shares of W&T Offshore in the fourth quarter valued at $33,000. Boothbay Fund Management LLC purchased a new position in shares of W&T Offshore in the fourth quarter valued at $41,000. R Squared Ltd purchased a new position in shares of W&T Offshore in the fourth quarter valued at $54,000. Finally, RPO LLC purchased a new position in shares of W&T Offshore in the fourth quarter valued at $55,000. 42.88% of the stock is owned by hedge funds and other institutional investors.

About W&T Offshore

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.