Q4 EPS Estimates for W&T Offshore Lifted by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research raised their Q4 2024 earnings per share estimates for shares of W&T Offshore in a research note issued on Tuesday, January 21st. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of ($0.22) for the quarter, up from their prior 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 results on Thursday, November 7th. The oil and gas company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $121.37 million during the quarter, compared to analysts’ expectations of $136.01 million. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%. During the same quarter last year, the firm earned $0.01 earnings per share.

Separately, StockNews.com upgraded shares of 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 WTI opened at $1.72 on Friday. The firm has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $2.06. The stock has a market cap of $252.72 million, a PE ratio of -3.99 and a beta of 1.34. W&T Offshore has a 1-year low of $1.33 and a 1-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.

W&T Offshore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, November 21st. W&T Offshore’s payout ratio is currently -9.30%.

Institutional Trading of W&T Offshore

A number of hedge funds have recently added to or reduced their stakes in WTI. Geode Capital Management LLC increased its position 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 worth $4,616,000 after purchasing an additional 52,186 shares during the period. Squarepoint Ops LLC grew its holdings in W&T Offshore by 197.3% during the second quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock worth $884,000 after acquiring an additional 274,156 shares during the period. Creative Planning raised its position in W&T Offshore by 14.4% in the third 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 in the last quarter. American Century Companies Inc. lifted its holdings in W&T Offshore by 20.3% in the second quarter. American Century Companies Inc. now owns 207,886 shares of the oil and gas company’s stock valued at $445,000 after acquiring an additional 35,049 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of W&T Offshore by 34.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 197,384 shares of the oil and gas company’s stock worth $328,000 after purchasing an additional 50,639 shares in the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

W&T Offshore Company Profile

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.