W&T Offshore (NYSE:WTI) Stock Rating Upgraded by Zacks Research

W&T Offshore (NYSE:WTI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.47) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at ($0.12) EPS and Q4 2027 earnings at ($0.03) EPS.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of W&T Offshore in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

W&T Offshore Price Performance

NYSE:WTI opened at $1.79 on Monday. W&T Offshore has a one year low of $1.09 and a one year high of $2.59. The business has a fifty day moving average price of $1.74 and a 200-day moving average price of $1.83. The firm has a market capitalization of $265.57 million, a price-to-earnings ratio of -1.80 and a beta of 0.32.

W&T Offshore (NYSE:WTI) last released its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. The company had revenue of $127.52 million for the quarter, compared to analysts’ expectations of $125.69 million. On average, equities research analysts expect that W&T Offshore will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On W&T Offshore

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of W&T Offshore by 309.7% during the first quarter. AQR Capital Management LLC now owns 120,911 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 91,400 shares in the last quarter. Millennium Management LLC lifted its holdings in W&T Offshore by 24.2% in the 1st quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock worth $4,761,000 after purchasing an additional 598,614 shares in the last quarter. Jane Street Group LLC boosted its stake in W&T Offshore by 826.2% in the 1st quarter. Jane Street Group LLC now owns 324,807 shares of the oil and gas company’s stock worth $503,000 after purchasing an additional 289,739 shares during the period. Rhumbline Advisers grew its holdings in W&T Offshore by 24.5% during the 1st quarter. Rhumbline Advisers now owns 299,473 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 59,012 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in shares of W&T Offshore during the second quarter valued at approximately $101,000. Institutional investors own 42.88% of the company’s stock.

About W&T Offshore

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.