Zacks Research Forecasts W&T Offshore FY2027 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Analysts at Zacks Research issued their FY2027 EPS estimates for shares of 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 of ($0.14) per share 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 research note on Wednesday, March 5th.

W&T Offshore Stock Down 2.1 %

Shares of WTI stock opened at $1.60 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore has a 1 year low of $1.30 and a 1 year high of $2.84. The firm’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $1.87. The firm has a market capitalization of $235.48 million, a P/E ratio of -3.71 and a beta of 1.14.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.04 annualized dividend and a dividend yield of 2.51%. W&T Offshore’s dividend payout ratio is presently -6.78%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of W&T Offshore during the 4th quarter worth about $32,000. US Bancorp DE acquired a new position in shares of W&T Offshore during the 4th quarter worth about $33,000. Ethic Inc. acquired a new position in shares of W&T Offshore during the 4th quarter worth about $36,000. Boothbay Fund Management LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth about $41,000. Finally, Intech Investment Management LLC acquired a new position in shares of W&T Offshore during the 3rd quarter worth about $64,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

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.