Brokers Offer Predictions for W&T Offshore FY2024 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Roth Capital increased their FY2024 earnings estimates for W&T Offshore in a research note issued on Wednesday, February 12th. Roth Capital analyst J. White now forecasts that the oil and gas company will earn ($0.41) per share for the year, up from their previous estimate of ($0.52). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.41) EPS, Q1 2025 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.10) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.35) EPS.

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

W&T Offshore Stock Performance

NYSE:WTI opened at $1.82 on Monday. The company has a market capitalization of $267.45 million, a PE ratio of -4.22 and a beta of 1.32. The company has a 50 day simple moving average of $1.66 and a two-hundred day simple moving average of $1.97. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. W&T Offshore has a fifty-two week low of $1.33 and a fifty-two week high of $3.16.

Hedge Funds Weigh In On W&T Offshore

A number of large investors have recently modified their holdings of WTI. Geode Capital Management LLC lifted its stake in W&T Offshore by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock valued at $4,616,000 after acquiring an additional 52,186 shares in the last quarter. Barclays PLC increased its holdings in W&T Offshore by 317.3% in the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock worth $303,000 after acquiring an additional 107,045 shares during the last quarter. Creative Planning increased its holdings in W&T Offshore by 14.4% in the 3rd quarter. Creative Planning now owns 286,747 shares of the oil and gas company’s stock worth $617,000 after acquiring an additional 36,145 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in W&T Offshore by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 7,142 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in W&T Offshore by 86.6% in the 3rd quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock worth $79,000 after acquiring an additional 17,004 shares during the last quarter. 42.88% of the stock is currently owned by institutional investors.

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.