Q2 EPS Estimates for W&T Offshore Reduced by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for W&T Offshore in a research note issued to investors on Friday, April 17th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of ($0.13) per share for the quarter, down from their prior forecast of ($0.11). Zacks Research has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.43) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.09) EPS, FY2027 earnings at ($0.30) EPS and Q1 2028 earnings at ($0.04) EPS.

W&T Offshore (NYSE:WTI) last released its earnings results on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The company had revenue of $121.71 million during the quarter, compared to analysts’ expectations of $115.36 million.

A number of other research analysts have also issued reports on WTI. William Blair started coverage on W&T Offshore in a report on Friday. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, W&T Offshore presently has an average rating of “Hold”.

W&T Offshore Stock Up 8.6%

NYSE:WTI opened at $3.24 on Wednesday. The business’s 50-day moving average price is $2.92 and its 200 day moving average price is $2.28. The firm has a market cap of $481.30 million, a P/E ratio of -3.20 and a beta of 0.09. W&T Offshore has a 52-week low of $1.13 and a 52-week high of $4.04.

Hedge Funds Weigh In On W&T Offshore

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of W&T Offshore by 2,753.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 110,794 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 106,911 shares during the period. Virtu Financial LLC acquired a new stake in W&T Offshore during the 4th quarter worth about $138,000. Invesco Ltd. boosted its position in W&T Offshore by 1.4% during the 4th quarter. Invesco Ltd. now owns 312,081 shares of the oil and gas company’s stock worth $509,000 after acquiring an additional 4,241 shares during the period. Millennium Management LLC boosted its position in W&T Offshore by 10.0% during the 4th quarter. Millennium Management LLC now owns 2,815,843 shares of the oil and gas company’s stock worth $4,590,000 after acquiring an additional 255,282 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in W&T Offshore during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 19th were given a $0.01 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. W&T Offshore’s dividend payout ratio (DPR) is -3.96%.

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.