Zacks Research Forecasts Stronger Earnings for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Zacks Research upped their FY2026 earnings estimates for W&T Offshore in a research note issued to investors on Wednesday, September 9th. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($0.10) per share for the year, up from their previous forecast of ($0.12). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.09) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.03) EPS, Q1 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.03) EPS, FY2027 earnings at ($0.21) EPS, Q1 2028 earnings at ($0.06) EPS, Q2 2028 earnings at ($0.03) EPS and FY2028 earnings at ($0.11) EPS.

A number of other equities research analysts have also recently commented on WTI. Wall Street Zen cut W&T Offshore from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Roth Capital set a $4.25 price objective on W&T Offshore in a report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.25.

W&T Offshore Stock Up 3.3%

WTI stock opened at $4.20 on Friday. The business’s fifty day moving average is $3.62 and its 200-day moving average is $3.53. The company has a market cap of $633.19 million, a P/E ratio of -5.75 and a beta of 0.28. W&T Offshore has a twelve month low of $1.50 and a twelve month high of $5.08.

W&T Offshore (NYSE:WTI) last announced 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 analysts’ expectations of $157.46 million.

Institutional Investors Weigh In On W&T Offshore

Several hedge funds have recently bought and sold shares of WTI. The Manufacturers Life Insurance Company grew its holdings in shares of W&T Offshore by 12.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,642 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 3,159 shares during the period. Invesco Ltd. increased its position in shares of W&T Offshore by 1.4% in the 4th quarter. Invesco Ltd. now owns 312,081 shares of the oil and gas company’s stock valued at $509,000 after buying an additional 4,241 shares in the last quarter. Graham Capital Management L.P. raised its stake in W&T Offshore by 7.6% during the 4th quarter. Graham Capital Management L.P. now owns 87,530 shares of the oil and gas company’s stock worth $143,000 after buying an additional 6,195 shares during the period. NewEdge Advisors LLC raised its stake in W&T Offshore by 21.7% during the 3rd quarter. NewEdge Advisors LLC now owns 36,610 shares of the oil and gas company’s stock worth $67,000 after buying an additional 6,524 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in W&T Offshore by 42.7% during the second quarter. Raymond James Financial Inc. now owns 21,957 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 6,569 shares in the last quarter. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 19th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 19th. W&T Offshore’s dividend payout ratio is presently -5.48%.

Key Stories Impacting W&T Offshore

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

• Positive Sentiment: Zacks raises multiple earnings forecasts: Zacks Research increased its EPS estimates for W&T Offshore’s fourth quarter of 2026, full-year 2026, first and third quarters of 2027, full-year 2027, first and second quarters of 2028, and full-year 2028. The largest revisions included FY2027 EPS improving to a loss of $0.21 from $0.26 and FY2028 EPS improving to a loss of $0.11 from $0.14. These revisions suggest analysts see a less severe earnings trajectory than previously expected. Zacks Research estimates
• Positive Sentiment: Recent profitability and dividend continuity support sentiment: W&T Offshore reported $12.6 million of second-quarter net income, reversing a $22.5 million loss in the prior quarter, and declared its 12th consecutive quarterly dividend. The return to profitability provides a positive near-term catalyst for investors. W&T Offshore turns a profit
• Positive Sentiment: Higher oil prices could improve cash flow: A bullish oil-market forecast projects WTI and Brent prices moving higher as geopolitical disruptions threaten global supply routes. Higher realized prices would generally benefit W&T Offshore’s offshore production revenue and margins. Oil price forecast
• Negative Sentiment: Losses are still expected: Despite the estimate increases, Zacks projects W&T Offshore to remain unprofitable, with consensus current-year EPS of negative $0.09 and Zacks forecasts of negative $0.10 for FY2026 and negative $0.21 for FY2027.
• Neutral Sentiment: Risks remain elevated: The company’s debt burden and continued short-seller interest could limit investor enthusiasm if oil prices weaken or operating results deteriorate.

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.