W&T Offshore (NYSE:WTI) Trading Down 3.2% – Here’s What Happened

W&T Offshore, Inc. (NYSE:WTI)’s share price dropped 3.2% during mid-day trading on Friday . The company traded as low as $3.87 and last traded at $3.88. 618,290 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 5,837,552 shares. The stock had previously closed at $4.01.

Key Headlines Impacting W&T Offshore

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 $0.14, lifted Q1 2027 to a loss of $0.06 from $0.07, and improved Q4 2027 to a loss of $0.04 from $0.08.
• Positive Sentiment: The firm also increased its FY2028 EPS outlook to a loss of $0.14 from $0.21, suggesting better expected profitability over the longer term.
• Neutral Sentiment: Despite the revisions, W&T Offshore is still expected to remain unprofitable across the cited periods. Zacks’ current estimates include losses of $0.12 per share for FY2026, $0.26 for FY2027 and $0.14 for FY2028, compared with the broader current-year consensus loss of $0.10.
• Negative Sentiment: Zacks cut its Q4 2026 EPS forecast to a loss of $0.05 from $0.03, reduced Q2 2027 to a loss of $0.07 from $0.04, and lowered Q3 2027 to a loss of $0.09 from $0.05.
• Negative Sentiment: The FY2027 forecast was also reduced to a loss of $0.26 from $0.25, while Q2 2028 was lowered to a loss of $0.04 from $0.03. These downward revisions reinforce concerns about continued earnings pressure.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of W&T Offshore from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research note on Friday, July 17th. Finally, Roth Capital set a $4.25 price target on W&T Offshore in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.25.

W&T Offshore Price Performance

The business has a 50 day moving average of $3.45 and a 200 day moving average of $3.37. The company has a market cap of $593.19 million, a PE ratio of -5.38 and a beta of 0.24.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $162.62 million for the quarter, compared to analyst estimates of $157.46 million. Sell-side analysts forecast that W&T Offshore, Inc. will post -0.09 EPS for the current fiscal year.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 19th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. W&T Offshore’s payout ratio is currently -5.48%.

Hedge Funds Weigh In On W&T Offshore

A number of institutional investors have recently bought and sold shares of WTI. BlackRock Inc. purchased a new stake in W&T Offshore in the second quarter worth about $26,065,000. Vanguard Group Inc. grew its holdings in shares of W&T Offshore by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,828,361 shares of the oil and gas company’s stock worth $12,428,000 after acquiring an additional 19,283 shares during the period. Millennium Management LLC grew its holdings in shares of W&T Offshore by 24.2% during the 1st quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock worth $4,761,000 after acquiring an additional 598,614 shares during the period. State Street Corp raised its position in shares of W&T Offshore by 0.5% in the 4th quarter. State Street Corp now owns 2,680,643 shares of the oil and gas company’s stock worth $4,369,000 after acquiring an additional 14,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $4,141,000 after acquiring an additional 508,050 shares in the last quarter. 42.88% of the stock is owned by institutional investors.

About W&T Offshore

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.