W&T Offshore (NYSE:WTI) Shares Gap Down – Here’s Why

Posted by Francis Steltz on Nov 2nd, 2026

W&T Offshore, Inc. (NYSE:WTI – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $4.05, but opened at $3.84. W&T Offshore shares last traded at $3.8050, with a volume of 715,836 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WTI. Roth Capital set a $4.25 price target on shares of W&T Offshore in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of W&T Offshore in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, W&T Offshore has a consensus rating of “Hold” and an average price target of $4.25.

Read Our Latest Research Report on WTI

W&T Offshore Trading Down 8.8%

The company has a market cap of $572.36 million, a PE ratio of -10.90 and a beta of 0.30. The firm has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.40.

W&T Offshore (NYSE:WTI – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $167.08 million for the quarter, compared to analysts’ expectations of $144.97 million. On average, research analysts forecast that W&T Offshore, Inc. will post -0.09 EPS for the current year.

W&T Offshore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 12th. W&T Offshore’s dividend payout ratio is currently -11.76%.

Hedge Funds Weigh In On W&T Offshore

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming boosted its stake in W&T Offshore by 62.1% in the 3rd quarter. State of Wyoming now owns 121,443 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 46,545 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake 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 valued at $90,000 after purchasing an additional 3,159 shares in the last quarter. Engineers Gate Manager LP increased its stake in W&T Offshore by 143.4% during the 2nd 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 in the last quarter. Squarepoint Ops LLC purchased a new position in W&T Offshore in the second quarter worth about $2,008,000. Finally, Corient Private Wealth LP bought a new stake in shares of W&T Offshore during the second quarter valued at approximately $50,000. 42.88% of the stock is currently owned by institutional investors.

W&T Offshore Company Profile

(Get Free Report)

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

W&T Offshore’s operations have included assets in the federal and state waters of the Gulf of Mexico, spanning shelf and deepwater areas. Its activities include acquiring exploration and production interests, drilling and completing wells, and managing offshore production and related infrastructure.

Founded in 1983 by Tracy W.