Zacks Research Lifts Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research raised their Q2 2026 earnings estimates for shares of W&T Offshore in a report issued on Thursday, May 21st. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of ($0.06) for the quarter, up from their prior estimate of ($0.13). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.11) per share. Zacks Research also issued estimates for W&T Offshore’s Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.01) EPS, FY2027 earnings at ($0.21) EPS, Q1 2028 earnings at ($0.02) EPS and FY2028 earnings at ($0.02) EPS.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The company had revenue of $150.02 million for the quarter, compared to analysts’ expectations of $138.41 million.

Several other equities research analysts have also recently issued reports on WTI. William Blair started coverage on shares of W&T Offshore in a research report on Friday, April 17th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a report on Monday, April 20th. Finally, Wall Street Zen cut W&T Offshore from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

W&T Offshore Stock Performance

WTI stock opened at $4.07 on Wednesday. W&T Offshore has a fifty-two week low of $1.37 and a fifty-two week high of $5.08. The firm has a market capitalization of $605.53 million, a price-to-earnings ratio of -4.28 and a beta of 0.29. The company’s 50 day moving average price is $3.60 and its 200 day moving average price is $2.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in W&T Offshore by 4.2% in the 1st quarter. Bank of America Corp DE now owns 649,490 shares of the oil and gas company’s stock valued at $2,215,000 after purchasing an additional 26,262 shares during the last quarter. Renaissance Technologies LLC grew its position in W&T Offshore by 158.5% during the 1st quarter. Renaissance Technologies LLC now owns 590,300 shares of the oil and gas company’s stock worth $2,013,000 after purchasing an additional 361,900 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in W&T Offshore in the first quarter valued at $2,205,000. Sei Investments Co. increased its stake in W&T Offshore by 1,596.5% in the first quarter. Sei Investments Co. now owns 297,870 shares of the oil and gas company’s stock valued at $1,016,000 after purchasing an additional 280,312 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of W&T Offshore in the first quarter valued at about $62,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. W&T Offshore’s payout ratio is presently -4.21%.

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.