Zacks Research Forecasts Stronger Earnings for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research upped their Q4 2024 earnings estimates for W&T Offshore in a note issued to investors on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of ($0.22) per share for the quarter, up from their previous forecast of ($0.26). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for W&T Offshore’s Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.45) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.01) EPS.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $121.37 million for the quarter, compared to analysts’ expectations of $136.01 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. During the same period in the prior year, the business earned $0.01 earnings per share.

Separately, StockNews.com upgraded W&T Offshore from a “sell” rating to a “hold” rating in a report on Friday, December 13th.

W&T Offshore Price Performance

Shares of W&T Offshore stock opened at $1.72 on Friday. The business’s 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $2.06. W&T Offshore has a one year low of $1.33 and a one year high of $3.28. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $252.72 million, a P/E ratio of -3.99 and a beta of 1.34.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.33%. W&T Offshore’s dividend payout ratio (DPR) is -9.30%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of W&T Offshore by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock worth $101,000 after buying an additional 7,142 shares in the last quarter. Verum Partners LLC purchased a new position in W&T Offshore in the 3rd quarter worth about $32,000. FMR LLC grew its stake in W&T Offshore by 72.1% in the third quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 15,852 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of W&T Offshore by 122.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,211 shares of the oil and gas company’s stock worth $65,000 after buying an additional 16,614 shares in the last quarter. Finally, Signaturefd LLC increased its position in W&T Offshore by 86.6% during the 3rd quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock valued at $79,000 after purchasing an additional 17,004 shares during the period. Institutional investors own 42.88% of the company’s stock.

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.