Analysts Set Expectations for W&T Offshore Q1 Earnings

Key Points

• Zacks Research forecasts W&T Offshore will report Q1 2028 EPS of ($0.01), keeps a "Hold" rating, and the consensus full‑year EPS sits near ($0.45).
• The company recently missed quarterly EPS—reporting ($0.14) versus estimates of ($0.06)—even though revenue of $121.7M topped expectations, and shares fell about 11.6% to roughly $3.02 (market cap ≈ $449M).
• Despite the weak results and commodity‑price headwinds, several institutions (notably Millennium, AQR and Jane Street) have materially increased stakes, indicating renewed investor interest.

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Analysts at Zacks Research issued their Q1 2028 earnings per share estimates for W&T Offshore in a report released on Monday, March 30th. Zacks Research analyst Team anticipates that the oil and gas company will post earnings of ($0.01) per share for the quarter. Zacks Research has a "Hold" rating on the stock. The consensus estimate for W&T Offshore's current full-year earnings is ($0.45) per share.

W&T Offshore (NYSE:WTI - Get Free Report) last issued 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 business had revenue of $121.71 million during the quarter, compared to analyst estimates of $115.36 million.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of W&T Offshore in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

W&T Offshore Trading Down 11.6%

Shares of WTI opened at $3.02 on Thursday. W&T Offshore has a 12-month low of $1.09 and a 12-month high of $4.04. The firm has a market capitalization of $448.57 million, a P/E ratio of -2.99 and a beta of 0.08. The firm has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.16.

W&T Offshore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 19th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. W&T Offshore's dividend payout ratio is currently -3.96%.

Institutional Trading of W&T Offshore

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in 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 buying an additional 91,400 shares during the period. Millennium Management LLC raised its stake in shares of 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 valued at $4,761,000 after acquiring an additional 598,614 shares during the period. Jane Street Group LLC raised its stake in shares of 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 valued at $503,000 after acquiring an additional 289,739 shares during the period. Geode Capital Management LLC lifted its holdings in shares of W&T Offshore by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,341,646 shares of the oil and gas company's stock worth $3,864,000 after acquiring an additional 52,982 shares during the last quarter. Finally, Creative Planning lifted its stake in W&T Offshore by 42.3% during the second quarter. Creative Planning now owns 42,885 shares of the oil and gas company's stock worth $71,000 after purchasing an additional 12,749 shares in the last quarter. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting W&T Offshore

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

• Positive Sentiment: Zacks Research raised several near‑term and full‑year FY2026/2027 EPS forecasts (e.g., FY2027 to ($0.29) from ($0.36); upgrades to multiple Q1–Q3 2027 quarter estimates), suggesting analysts see modest operational improvement ahead. Zacks Research Estimates W&T Offshore FY2028 Earnings
• Neutral Sentiment: Zacks retains a "Hold" rating and the consensus still calls for negative full‑year EPS (around ($0.45)), so while some estimates improved, the street view remains cautious and not yet bullish. (No single actionable upgrade in rating.)
• Negative Sentiment: Zacks also lowered several quarter estimates — notably Q4 2027 and Q4 2026 — and trimmed prior forecasts for certain quarters, which increases uncertainty about near‑term profitability. Zacks Research Estimates W&T Offshore FY2028 Earnings
• Negative Sentiment: W&T’s recent quarter (Q4 2025) was reported to have fallen short of expectations, a signal investors worry could pressure cash flow and near‑term performance. W&T Offshore (WTI) Falls Behind Expectations in Q4 2025
• Negative Sentiment: Commodity‑price pressure: Brent dropped sharply after signs of a possible de‑escalation between Iran and counterparties — lower oil prices reduce WTI’s revenue upside and likely weigh on the stock. Natural Gas, WTI Oil, Brent Oil Forecasts — Brent Oil Dives 9% Amid Signs Indicating Iran Is Ready For A Deal

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.