Zacks Research Raises Earnings Estimates for W&T Offshore

Key Points

• Zacks Research has raised its Q3 2026 earnings estimate for W&T Offshore to ($0.18) per share from the previous ($0.19), while the full-year estimate is currently at ($0.45) per share.
• W&T Offshore reported a quarterly earnings of ($0.08) EPS, surpassing the consensus estimate of ($0.14) by $0.06, despite revenue falling short of expectations at $122.37 million.
• The firm recently announced a $0.01 quarterly dividend, translating to an annualized yield of 2.1%, with a payout ratio currently at -5.26%.

W&T Offshore, Inc. (NYSE:WTI - Free Report) - Equities research analysts at Zacks Research upped their Q3 2026 earnings estimates for W&T Offshore in a report released on Tuesday, September 23rd. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of ($0.18) for the quarter, up from their previous estimate of ($0.19). 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 FY2027 earnings at ($0.37) EPS.

W&T Offshore (NYSE:WTI - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The oil and gas company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. The business had revenue of $122.37 million during the quarter, compared to analysts' expectations of $131.30 million.

WTI has been the topic of a number of other research reports. Wall Street Zen upgraded shares of W&T Offshore from a "sell" rating to a "hold" rating in a research note on Sunday, September 14th. Pareto Securities initiated coverage on shares of W&T Offshore in a research note on Thursday, September 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".

W&T Offshore Stock Up 5.1%

WTI opened at $1.95 on Thursday. The firm has a market capitalization of $288.52 million, a P/E ratio of -2.56 and a beta of 0.73. The firm's 50 day moving average is $1.77 and its 200-day moving average is $1.61. W&T Offshore has a 52-week low of $1.09 and a 52-week high of $2.84.

Hedge Funds Weigh In On W&T Offshore

A number of hedge funds have recently added to or reduced their stakes in the business. Rexford Capital Inc. acquired a new position in W&T Offshore in the second quarter worth $193,000. Oxford Asset Management LLP acquired a new position in W&T Offshore in the second quarter worth $29,000. BNP Paribas Financial Markets boosted its holdings in shares of W&T Offshore by 2,092.7% during the second quarter. BNP Paribas Financial Markets now owns 129,104 shares of the oil and gas company's stock valued at $213,000 after acquiring an additional 123,216 shares during the period. Brevan Howard Capital Management LP boosted its holdings in shares of W&T Offshore by 19.2% during the second quarter. Brevan Howard Capital Management LP now owns 156,247 shares of the oil and gas company's stock valued at $258,000 after acquiring an additional 25,186 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of W&T Offshore by 46.6% during the second quarter. Bank of America Corp DE now owns 468,643 shares of the oil and gas company's stock valued at $773,000 after acquiring an additional 149,000 shares during the period. Institutional investors and hedge funds own 42.88% of the company's stock.

W&T Offshore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 18th. W&T Offshore's payout ratio is currently -5.26%.

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.

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