Q2 EPS Estimates for W&T Offshore Reduced by Zacks Research

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Stock analysts at Zacks Research cut their Q2 2025 earnings per share (EPS) estimates for W&T Offshore in a report released on Wednesday, June 11th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of ($0.09) per share for the quarter, down from their prior forecast of ($0.08). The consensus estimate for W&T Offshore's current full-year earnings is ($0.45) per share. Zacks Research also issued estimates for W&T Offshore's Q2 2026 earnings at ($0.07) EPS.

Separately, Wall Street Zen upgraded W&T Offshore from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

W&T Offshore Trading Up 5.6%

NYSE:WTI traded up $0.13 during mid-day trading on Monday, hitting $2.36. The company had a trading volume of 8,496,790 shares, compared to its average volume of 1,754,949. W&T Offshore has a 1 year low of $1.09 and a 1 year high of $2.84. The business has a fifty day simple moving average of $1.44 and a 200-day simple moving average of $1.56. The firm has a market capitalization of $347.72 million, a price-to-earnings ratio of -3.27 and a beta of 0.65.

W&T Offshore (NYSE:WTI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. The business had revenue of $129.87 million during the quarter, compared to the consensus estimate of $123.91 million. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 20.66%.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.04 annualized dividend and a yield of 1.70%. W&T Offshore's dividend payout ratio is presently -5.56%.

Hedge Funds Weigh In On W&T Offshore

Hedge funds have recently modified their holdings of the company. Huber Capital Management LLC grew its stake in W&T Offshore by 35.8% during the 1st quarter. Huber Capital Management LLC now owns 6,858,684 shares of the oil and gas company's stock valued at $10,631,000 after acquiring an additional 1,808,234 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in W&T Offshore by 427.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company's stock valued at $6,360,000 after purchasing an additional 3,104,484 shares during the period. Millennium Management LLC increased its stake in 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 during the period. Geode Capital Management LLC raised its stake in shares of W&T Offshore by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,189,364 shares of the oil and gas company's stock valued at $3,635,000 after buying an additional 42,795 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of W&T Offshore by 11.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,284,183 shares of the oil and gas company's stock worth $1,990,000 after buying an additional 129,564 shares during the period. 42.88% of the stock is currently owned by institutional investors and hedge funds.

About W&T Offshore

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.