W&T Offshore (NYSE:WTI) Stock Price Down 3.2% - What's Next?

Key Points

• W&T Offshore shares fell 3.2% to $3.88 in light trading, while the company remains unprofitable and recently missed quarterly EPS expectations despite revenue exceeding forecasts.
• Analysts maintain a broadly cautious outlook: the consensus rating is “Hold” with a $4.25 price target, and several EPS estimates were cut even as select longer-term forecasts improved.
• The company declared a quarterly dividend of $0.01 per share, equivalent to a 1.0% annual yield, while institutional investors own approximately 42.9% of outstanding shares.

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

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 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 Ratings Changes

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

W&T Offshore Price Performance

The firm has a market capitalization of $597.72 million, a P/E ratio of -5.42 and a beta of 0.24. The stock's fifty day simple moving average is $3.45 and its 200 day simple moving average is $3.37.

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

W&T Offshore Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 19th. W&T Offshore's dividend payout ratio (DPR) is -5.48%.

Institutional Trading of W&T Offshore

A number of hedge funds and other institutional investors have recently bought and sold shares of WTI. BlackRock Inc. acquired a new stake in W&T Offshore during the second quarter worth approximately $26,065,000. Vanguard Group Inc. raised its position in shares of W&T Offshore by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,828,361 shares of the oil and gas company's stock worth $12,428,000 after acquiring an additional 19,283 shares in the last quarter. Millennium Management LLC increased its holdings in shares of W&T Offshore by 24.2% during the first 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 in the last quarter. State Street Corp grew its stake in shares of W&T Offshore by 0.5% in the 4th quarter. State Street Corp now owns 2,680,643 shares of the oil and gas company's stock worth $4,369,000 after acquiring an additional 14,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of W&T Offshore by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,540,588 shares of the oil and gas company's stock worth $4,141,000 after purchasing an additional 508,050 shares during the last quarter. 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.

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.

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