Q3 EPS Estimate for W&T Offshore Decreased by Analyst

Key Points

• Zacks Research lowered W&T Offshore’s Q3 2026 EPS estimate to a loss of $0.07 per share from a projected loss of $0.06.
• W&T Offshore previously reported Q2 EPS of $0.02, missing the $0.04 consensus estimate, although revenue of $162.62 million exceeded expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $4.25 target price; the stock recently opened at $3.75 and pays a $0.01 quarterly dividend.

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Equities researchers at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of W&T Offshore in a note issued to investors on Friday, October 9th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.07) per share for the quarter, down from their prior estimate of ($0.06). The consensus estimate for W&T Offshore's current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for W&T Offshore's Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($0.07) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.00 EPS, FY2027 earnings at ($0.04) EPS, Q1 2028 earnings at ($0.08) EPS, Q2 2028 earnings at ($0.14) EPS, Q3 2028 earnings at $0.12 EPS and FY2028 earnings at ($0.06) EPS.

W&T Offshore (NYSE:WTI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $162.62 million during the quarter, compared to analysts' expectations of $157.46 million.

Several other equities analysts have also commented on WTI. Weiss Ratings restated 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 shares of W&T Offshore in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of W&T Offshore from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.25.

W&T Offshore Stock Performance

WTI stock opened at $3.75 on Tuesday. The stock has a market capitalization of $566.79 million, a price-to-earnings ratio of -5.14 and a beta of 0.35. W&T Offshore has a 1 year low of $1.50 and a 1 year high of $5.08. The stock's fifty day moving average is $3.74 and its two-hundred day moving average is $3.65.

Institutional Trading of W&T Offshore

Several hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in W&T Offshore by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,642 shares of the oil and gas company's stock worth $90,000 after acquiring an additional 3,159 shares during the period. Engineers Gate Manager LP increased its holdings in shares of W&T Offshore by 143.4% during the second quarter. Engineers Gate Manager LP now owns 300,035 shares of the oil and gas company's stock valued at $945,000 after purchasing an additional 176,751 shares during the period. Squarepoint Ops LLC bought a new stake in shares of W&T Offshore during the second quarter valued at about $2,008,000. Corient Private Wealth LP bought a new stake in shares of W&T Offshore during the second quarter valued at about $50,000. Finally, AXQ Capital LP raised its stake in shares of W&T Offshore by 61.6% during the second quarter. AXQ Capital LP now owns 102,822 shares of the oil and gas company's stock valued at $324,000 after purchasing an additional 39,213 shares in the last quarter. Institutional investors own 42.88% of the company's stock.

W&T Offshore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 19th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, August 19th. W&T Offshore's dividend payout ratio (DPR) is currently -5.48%.

Trending Headlines about W&T Offshore

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

• Positive Sentiment: Zacks raised W&T Offshore’s FY2026 EPS forecast to -$0.07 from -$0.10, FY2027 EPS to -$0.04 from -$0.21, and FY2028 EPS to -$0.06 from -$0.11. These revisions imply a better long-term earnings outlook, although the company is still expected to report annual losses.
• Positive Sentiment: Several quarterly estimates also improved: Q4 2026 was raised to $0.01 EPS from -$0.03, Q1 2027 to -$0.04 from -$0.05, Q3 2027 to $0.08 from -$0.07, Q4 2027 to breakeven from -$0.03, and Q3 2028 to $0.12 from -$0.04. The upgrade to Q3 2027 is particularly notable because it shifts the forecast from a loss to a profit.
• Neutral Sentiment: The revisions are based on analyst modeling rather than a new operating announcement, and Zacks’ current full-year consensus remains at approximately -$0.10 EPS. Investors will likely continue to focus on oil and natural-gas prices, production results, and the company’s upcoming earnings report.
• Negative Sentiment: Near- and medium-term estimates were also reduced: Q3 2026 EPS moved to -$0.07 from -$0.06, Q2 2027 to -$0.08 from -$0.07, Q1 2028 to -$0.08 from -$0.06, and Q2 2028 to -$0.14 from -$0.03. These cuts reinforce concerns about uneven profitability and may limit the benefit of the longer-term upgrades.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and natural gas exploration and production company focused on offshore properties in the Gulf of Mexico. The company explores for, develops, and produces crude oil, natural gas, and natural gas liquids from assets located primarily in federal waters.

W&T Offshore operates across shallow-water shelf and deepwater areas of the Gulf of Mexico. Its activities include acquiring prospective acreage, drilling and completing wells, managing production operations, and developing existing fields and discoveries.

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