W&T Offshore (NYSE:WTI) Shares Down 3.2% – Should You Sell?

Shares of W&T Offshore, Inc. (NYSE:WTI) were down 3.2% during trading on Friday . The stock traded as low as $3.87 and last traded at $3.88. Approximately 618,290 shares changed hands during trading, a decline of 89% from the average session volume of 5,837,552 shares. The stock had previously closed at $4.01.

W&T Offshore News Summary

Here are the key news stories impacting W&T Offshore this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to a loss of $0.12 from a loss of $0.14, lifted its Q1 2027 estimate to a loss of $0.06 from $0.07, and improved its Q4 2027 estimate to a loss of $0.04 from $0.08.
• Positive Sentiment: The firm also increased its FY2028 EPS forecast to a loss of $0.14 from $0.21, suggesting longer-term results may be better than previously expected, although the company is still projected to remain unprofitable.
• Neutral Sentiment: Zacks maintained forecasts for Q4 2026 EPS at a loss of $0.05, Q2 2028 EPS at a loss of $0.04, and FY2027 EPS at a loss of $0.26 after incorporating the revised quarterly estimates.
• Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to a loss of $0.05 from $0.03, cut its Q2 2027 forecast to a loss of $0.07 from $0.04, and reduced its Q3 2027 forecast to a loss of $0.09 from $0.05.
• Negative Sentiment: The FY2027 estimate was also reduced to a loss of $0.26 per share from $0.25. The downward revisions for several near- and medium-term periods reinforce concerns about W&T Offshore’s earnings trajectory and outweigh the improvements to select future estimates.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WTI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a research report on Friday, July 17th. Roth Capital set a $4.25 price objective on W&T Offshore in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut shares of W&T Offshore from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.25.

W&T Offshore Stock Down 1.2%

The firm has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.37. The firm has a market cap of $597.72 million, a PE ratio of -5.42 and a beta of 0.24.

W&T Offshore (NYSE:WTI) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $162.62 million during the quarter, compared to the consensus estimate of $157.46 million. Research analysts forecast that W&T Offshore, Inc. will post -0.1 earnings per share for the current fiscal year.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 19th. W&T Offshore’s dividend payout ratio is currently -5.48%.

Institutional Investors Weigh In On W&T Offshore

A number of hedge funds and other institutional investors have recently modified their holdings of WTI. Legal & General Group Plc purchased a new stake in shares of W&T Offshore during the 2nd quarter worth about $28,000. StoneX Group Inc. acquired a new stake in W&T Offshore during the fourth quarter valued at $28,000. Oxford Asset Management LLP acquired a new position in W&T Offshore during the second quarter worth $29,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of W&T Offshore in the third quarter worth $32,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of W&T Offshore in the fourth quarter worth $32,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Company Profile

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.