W&T Offshore FY2026 EPS Estimate Raised by Zacks Research

Key Points

• Zacks Research raised W&T Offshore’s FY2026 EPS estimate to a loss of $0.12 per share from a projected loss of $0.14, though this remains below the company’s current full-year consensus estimate of a $0.10 loss.
• W&T Offshore reported quarterly EPS of $0.02, missing analysts’ $0.04 expectation, while revenue of $162.62 million exceeded the $157.46 million consensus forecast.
• Analysts maintain a consensus “Hold” rating with an average price target of $4.25; the company also declared a $0.01 quarterly dividend, representing a 1.0% annualized yield.

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Zacks Research raised their FY2026 earnings per share (EPS) estimates for W&T Offshore in a research report issued to clients and investors on Wednesday, August 19th. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of ($0.12) for the year, up from their previous estimate of ($0.14). 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 ($0.05) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.04) EPS, FY2027 earnings at ($0.26) EPS, Q2 2028 earnings at ($0.04) EPS and FY2028 earnings at ($0.14) EPS.

W&T Offshore (NYSE:WTI - Get Free Report) last issued 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 analysts' expectations of $157.46 million.

WTI has been the topic of several other research reports. Wall Street Zen lowered shares of W&T Offshore from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Roth Capital set a $4.25 target price on shares of W&T Offshore in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of W&T Offshore in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.25.

W&T Offshore Stock Performance

Shares of NYSE WTI opened at $4.00 on Friday. The business has a 50 day simple moving average of $3.45 and a 200 day simple moving average of $3.37. W&T Offshore has a 52 week low of $1.50 and a 52 week high of $5.08. The stock has a market cap of $603.76 million, a price-to-earnings ratio of -5.48 and a beta of 0.24.

Institutional Investors Weigh In On W&T Offshore

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in W&T Offshore by 158.5% in the 1st quarter. Renaissance Technologies LLC now owns 590,300 shares of the oil and gas company's stock valued at $2,013,000 after buying an additional 361,900 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in W&T Offshore in the 1st quarter worth $2,205,000. Sei Investments Co. lifted its position in W&T Offshore by 1,596.5% during the 1st quarter. Sei Investments Co. now owns 297,870 shares of the oil and gas company's stock worth $1,016,000 after acquiring an additional 280,312 shares during the last quarter. UBS Group AG lifted its position in W&T Offshore by 381.1% during the 4th quarter. UBS Group AG now owns 2,400,024 shares of the oil and gas company's stock worth $3,912,000 after acquiring an additional 1,901,213 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in W&T Offshore during the second quarter valued at about $51,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Announces Dividend

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

More W&T Offshore News

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 increased its Q4 2027 forecast to a loss of $0.04 from $0.08.
• Positive Sentiment: The firm also improved its FY2028 EPS outlook to a loss of $0.14 from $0.21, indicating a better long-term earnings trajectory than previously expected.
• Neutral Sentiment: The updated estimates are part of a broader analyst review and do not represent a change in the company’s operations, production outlook, or balance sheet. W&T Offshore is still projected to report annual losses of $0.12 per share in FY2026, $0.26 in FY2027, and $0.14 in FY2028.
• Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to a loss of $0.05 from $0.03, cut Q2 2027 to a loss of $0.07 from $0.04, and reduced Q3 2027 to a loss of $0.09 from $0.05. The firm also slightly lowered its FY2027 forecast to a loss of $0.26 from $0.25.
• Negative Sentiment: The company’s expected losses remain a concern, particularly because the current full-year consensus calls for a loss of $0.10 per share. W&T’s most recent quarterly results also missed the EPS estimate, although revenue exceeded expectations.

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.

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