W&T Offshore, Inc. (NYSE:WTI – Free Report) – Analysts at Zacks Research lifted their FY2026 earnings per share (EPS) estimates for W&T Offshore in a note issued to investors on Wednesday, August 19th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.12) per share for the year, up from their previous estimate of ($0.14). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.04) EPS, FY2027 earnings at ($0.26) EPS, Q2 2028 earnings at ($0.04) EPS and FY2028 earnings at ($0.14) EPS.
W&T Offshore (NYSE:WTI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $162.62 million for the quarter, compared to analyst estimates of $157.46 million.
Read Our Latest Stock Report on WTI
W&T Offshore Price Performance
NYSE:WTI opened at $4.00 on Friday. W&T Offshore has a one year low of $1.50 and a one year high of $5.08. The company has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.37. The stock has a market cap of $603.76 million, a P/E ratio of -5.48 and a beta of 0.24.
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 paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. W&T Offshore’s dividend payout ratio is presently -5.48%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of WTI. Corient Private Wealth LP acquired a new stake in W&T Offshore during the second quarter worth $45,000. Bank of America Corp DE bought a new stake in W&T Offshore in the 2nd quarter valued at $1,918,000. Legal & General Group Plc acquired a new position in shares of W&T Offshore in the 2nd quarter valued at $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of W&T Offshore in the 2nd quarter valued at $90,000. Finally, Algert Global LLC lifted its holdings in shares of W&T Offshore by 185.8% during the 2nd quarter. Algert Global LLC now owns 1,589,137 shares of the oil and gas company’s stock worth $5,006,000 after acquiring an additional 1,033,167 shares during the period. 42.88% of the stock is owned by institutional investors.
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 increased its Q4 2027 forecast to a loss of $0.04 from $0.08.
- Positive Sentiment: The firm also improved its FY2028 EPS outlook to a loss of $0.14 from $0.21, indicating a better long-term earnings trajectory than previously expected.
- Neutral Sentiment: The updated estimates are part of a broader analyst review and do not represent a change in the company’s operations, production outlook, or balance sheet. W&T Offshore is still projected to report annual losses of $0.12 per share in FY2026, $0.26 in FY2027, and $0.14 in FY2028.
- Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to a loss of $0.05 from $0.03, cut Q2 2027 to a loss of $0.07 from $0.04, and reduced Q3 2027 to a loss of $0.09 from $0.05. The firm also slightly lowered its FY2027 forecast to a loss of $0.26 from $0.25.
- Negative Sentiment: The company’s expected losses remain a concern, particularly because the current full-year consensus calls for a loss of $0.10 per share. W&T’s most recent quarterly results also missed the EPS estimate, although revenue exceeded expectations.
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.
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