FY2024 EPS Estimates for W&T Offshore Decreased by Analyst

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research reduced their FY2024 earnings per share estimates for shares of W&T Offshore in a research note issued on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of ($0.49) per share for the year, down from their previous forecast of ($0.46). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.26) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.62) EPS, Q1 2026 earnings at ($0.06) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at ($0.04) EPS and FY2026 earnings at ($0.19) EPS.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The business had revenue of $121.37 million during the quarter, compared to analyst estimates of $136.01 million. During the same quarter in the previous year, the business earned $0.01 EPS.

Separately, StockNews.com upgraded 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 Down 4.7 %

NYSE WTI opened at $1.74 on Thursday. The company’s fifty day moving average is $1.77 and its two-hundred day moving average is $2.06. W&T Offshore has a 52-week low of $1.33 and a 52-week high of $3.28. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On W&T Offshore

A number of institutional investors and hedge funds have recently bought and sold shares of WTI. Geode Capital Management LLC increased its stake in shares of W&T Offshore by 2.5% in the third 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 buying an additional 52,186 shares in the last quarter. Squarepoint Ops LLC increased its position in W&T Offshore by 197.3% in the 2nd quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock valued at $884,000 after acquiring an additional 274,156 shares in the last quarter. Creative Planning raised its stake in shares of 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 during the last quarter. American Century Companies Inc. raised its stake in shares of 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 worth $445,000 after acquiring an additional 35,049 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of W&T Offshore by 34.5% during the fourth 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. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Dividend Announcement

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 $0.01 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.04 annualized dividend and a yield of 2.31%. W&T Offshore’s payout ratio is -9.30%.

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.