Brokers Set Expectations for W&T Offshore FY2027 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Zacks Research issued their FY2027 EPS estimates for W&T Offshore in a report issued on Monday, March 17th. Zacks Research analyst R. Department anticipates that the oil and gas company will post earnings per share of ($0.14) for the year. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share.

Separately, StockNews.com lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

W&T Offshore Trading Up 2.8 %

Shares of WTI opened at $1.63 on Wednesday. The stock’s fifty day simple moving average is $1.66 and its 200 day simple moving average is $1.87. W&T Offshore has a twelve month low of $1.30 and a twelve month high of $2.84. 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 firm has a market capitalization of $239.91 million, a P/E ratio of -3.78 and a beta of 1.14.

Institutional Investors Weigh In On W&T Offshore

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in W&T Offshore by 427.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company’s stock worth $6,360,000 after acquiring an additional 3,104,484 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of W&T Offshore during the fourth quarter worth $1,608,000. Millennium Management LLC boosted its stake in shares of W&T Offshore by 31.2% in the fourth quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company’s stock valued at $4,105,000 after purchasing an additional 588,106 shares during the period. Huber Capital Management LLC grew its holdings in W&T Offshore by 10.6% during the 4th quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company’s stock valued at $8,384,000 after purchasing an additional 483,954 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in W&T Offshore by 86.0% during the 4th quarter. First Trust Advisors LP now owns 974,242 shares of the oil and gas company’s stock worth $1,617,000 after buying an additional 450,467 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, March 17th. W&T Offshore’s dividend payout ratio is presently -6.78%.

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.