Zacks Research Forecasts Higher Earnings for W&T Offshore

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

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

W&T Offshore Trading Up 0.5 %

NYSE:WTI opened at $1.98 on Monday. W&T Offshore has a one year low of $1.90 and a one year high of $3.55. The business has a fifty day moving average price of $2.16 and a 200-day moving average price of $2.21. The firm has a market capitalization of $291.77 million, a price-to-earnings ratio of -4.60 and a beta of 1.40. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

Hedge Funds Weigh In On W&T Offshore

Several large investors have recently made changes to their positions in the business. Barclays PLC grew its position in shares of W&T Offshore by 317.3% during the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock worth $303,000 after purchasing an additional 107,045 shares in the last quarter. Geode Capital Management LLC grew its holdings in W&T Offshore by 2.5% during 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. BNP Paribas Financial Markets raised its position in shares of W&T Offshore by 307.5% during the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 104,156 shares during the last quarter. FMR LLC lifted its holdings in shares of W&T Offshore by 72.1% in the third quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock worth $81,000 after buying an additional 15,852 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of W&T Offshore in the third quarter worth $64,000. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, November 21st. W&T Offshore’s dividend payout ratio is currently -9.30%.

About W&T Offshore

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.