Wall Street Zen Upgrades W&T Offshore (NYSE:WTI) to Buy

W&T Offshore (NYSE:WTI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut W&T Offshore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a research report on Monday, April 20th. Finally, William Blair started coverage on W&T Offshore in a research report on Friday, April 17th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, W&T Offshore currently has a consensus rating of “Hold”.

W&T Offshore Stock Up 0.7%

Shares of W&T Offshore stock opened at $3.74 on Friday. The stock has a market capitalization of $555.69 million, a P/E ratio of -3.93 and a beta of 0.29. The stock has a 50 day moving average price of $3.23 and a two-hundred day moving average price of $2.40. W&T Offshore has a 12-month low of $1.34 and a 12-month high of $4.49.

W&T Offshore (NYSE:WTI) last announced its earnings results on Thursday, May 7th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The business had revenue of $150.02 million during the quarter, compared to analysts’ expectations of $138.41 million. Sell-side analysts anticipate that W&T Offshore will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On W&T Offshore

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTI. UBS Group AG lifted its holdings in shares of W&T Offshore by 381.1% during the 4th quarter. UBS Group AG now owns 2,400,024 shares of the oil and gas company’s stock valued at $3,912,000 after purchasing an additional 1,901,213 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of W&T Offshore by 115.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,666,494 shares of the oil and gas company’s stock valued at $2,716,000 after purchasing an additional 894,221 shares in the last quarter. Millennium Management LLC raised its position in W&T Offshore by 33.9% in the 3rd quarter. Millennium Management LLC now owns 2,560,561 shares of the oil and gas company’s stock valued at $4,660,000 after buying an additional 647,596 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in W&T Offshore by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,540,588 shares of the oil and gas company’s stock valued at $4,141,000 after buying an additional 508,050 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in W&T Offshore in the 3rd quarter valued at approximately $853,000. Institutional investors own 42.88% of the company’s stock.

Key W&T Offshore News

Here are the key news stories impacting W&T Offshore this week:

• Neutral Sentiment: W&T Offshore reported Q1 2026 results and reiterated a small quarterly dividend of $0.01 per share, signaling continued cash returns to shareholders. W&T Offshore Announces First Quarter 2026 Results and Declares Dividend for Second Quarter of 2026
• Neutral Sentiment: The company’s earnings call transcript is available for investors looking for management commentary on production, pricing, and outlook after the quarter. W&T Offshore, Inc. (WTI) Q1 2026 Earnings Call Transcript
• Negative Sentiment: W&T Offshore missed Q1 EPS estimates as lower commodity price realizations reduced profitability, even though revenue rose 16% year over year on stronger volumes and lower lease operating expenses. W&T Offshore Q1 Earnings Miss on Lower Commodity Price Realizations
• Negative Sentiment: The broader oil market also faces a new overhang after a Reuters report said Diamondback Energy is betting on a wider WTI-Brent spread if U.S. oil export restrictions became a concern, highlighting policy risk that could pressure U.S. crude pricing sentiment. Diamondback bets on wider WTI-Brent gap amid US export ban concerns

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.