Zacks Research Lifts Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for W&T Offshore in a research note issued to investors on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of ($0.22) for the quarter, up from their prior forecast of ($0.26). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for W&T Offshore’s 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 ($0.10) EPS, FY2025 earnings at ($0.45) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.01) EPS.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $121.37 million for the quarter, compared to analysts’ expectations of $136.01 million. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%. During the same period in the previous year, the business posted $0.01 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 Stock Performance

NYSE WTI opened at $1.72 on Friday. The company’s 50 day moving average is $1.76 and its 200-day moving average is $2.06. The firm has a market cap of $252.72 million, a P/E ratio of -3.99 and a beta of 1.34. W&T Offshore has a 12-month low of $1.33 and a 12-month high of $3.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32.

W&T Offshore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, November 21st. W&T Offshore’s payout ratio is presently -9.30%.

Institutional Trading of W&T Offshore

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of W&T Offshore by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 7,142 shares during the last quarter. Verum Partners LLC bought a new position in shares of W&T Offshore in the 3rd quarter worth $32,000. FMR LLC raised its position in shares of W&T Offshore by 72.1% during the 3rd quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock valued at $81,000 after buying an additional 15,852 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of W&T Offshore by 122.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,211 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 16,614 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of W&T Offshore by 86.6% during the 3rd quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock worth $79,000 after acquiring an additional 17,004 shares during the last quarter. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Company Profile

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.