Q3 EPS Estimates for W&T Offshore Lifted by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for W&T Offshore in a research note issued to investors on Thursday, November 21st. Zacks Research analyst N. Banerjee now forecasts that the oil and gas company will post earnings of $0.01 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share.

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

W&T Offshore Stock Down 3.3 %

Shares of NYSE:WTI opened at $1.92 on Monday. W&T Offshore has a 1 year low of $1.90 and a 1 year high of $3.55. The business has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $2.20. The firm has a market capitalization of $282.19 million, a PE ratio of -4.49 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.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 21st. W&T Offshore’s dividend payout ratio is presently -9.30%.

Institutional Trading of W&T Offshore

Institutional investors and hedge funds have recently modified their holdings of the stock. Huber Capital Management LLC raised its stake in W&T Offshore by 18.1% in the second quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company’s stock worth $10,194,000 after buying an additional 731,254 shares in the last quarter. Geode Capital Management LLC raised its stake in W&T Offshore by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock worth $4,616,000 after buying an additional 52,186 shares in the last quarter. Bank of New York Mellon Corp raised its stake in W&T Offshore by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 1,009,865 shares of the oil and gas company’s stock worth $2,161,000 after buying an additional 50,094 shares in the last quarter. Squarepoint Ops LLC raised its stake in W&T Offshore by 197.3% in the second quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock worth $884,000 after buying an additional 274,156 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in W&T Offshore by 174.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company’s stock worth $1,053,000 after buying an additional 252,394 shares in the last quarter. Institutional investors own 42.88% of the company’s stock.

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.