W&T Offshore (NYSE:WTI) Shares Gap Up – Time to Buy?

Posted by Francis Steltz on Jul 31st, 2026

W&T Offshore, Inc. (NYSE:WTI – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.18, but opened at $3.40. W&T Offshore shares last traded at $3.4550, with a volume of 611,333 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WTI. William Blair assumed coverage on W&T Offshore in a research report on Friday, April 17th. They issued an “outperform” rating on the stock. Roth Capital set a $4.25 price objective on shares of W&T Offshore in a report on Tuesday, July 21st. Wall Street Zen downgraded W&T Offshore from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.25.

View Our Latest Research Report on WTI

W&T Offshore Trading Down 2.1%

The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.19. The stock has a market capitalization of $514.03 million, a PE ratio of -3.64 and a beta of 0.24.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.04 dividend on an annualized basis and a yield of 1.2%. W&T Offshore’s dividend payout ratio (DPR) is presently -4.21%.

Institutional Investors Weigh In On W&T Offshore

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in W&T Offshore by 309.7% during the 1st quarter. AQR Capital Management LLC now owns 120,911 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 91,400 shares during the period. Millennium Management LLC raised 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 purchasing an additional 598,614 shares in the last quarter. Jane Street Group LLC raised its position in shares of W&T Offshore by 826.2% during the 1st quarter. Jane Street Group LLC now owns 324,807 shares of the oil and gas company’s stock valued at $503,000 after buying an additional 289,739 shares in the last quarter. Geode Capital Management LLC raised its position in W&T Offshore by 2.3% during the second quarter. Geode Capital Management LLC now owns 2,341,646 shares of the oil and gas company’s stock valued at $3,864,000 after purchasing an additional 52,982 shares during the period. Finally, Creative Planning lifted its position in W&T Offshore by 42.3% in the second quarter. Creative Planning now owns 42,885 shares of the oil and gas company’s stock worth $71,000 after buying an additional 12,749 shares during the last quarter. 42.88% of the stock is owned by institutional investors.

W&T Offshore Company Profile

(Get Free Report)

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.