FY2024 EPS Estimates for W&T Offshore Decreased by Analyst

W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Zacks Research dropped their FY2024 earnings per share estimates for W&T Offshore in a research report issued to clients and investors on Monday, January 20th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of ($0.49) for the year, down from their prior 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 issued its quarterly earnings results on Thursday, November 7th. The oil and gas company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $121.37 million during the quarter, compared to analysts’ expectations of $136.01 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. During the same quarter in the previous year, the company earned $0.01 EPS.

Separately, StockNews.com raised W&T Offshore from a “sell” rating to a “hold” rating in a research note on Friday, December 13th.

W&T Offshore Stock Down 4.7 %

Shares of WTI stock opened at $1.74 on Thursday. The firm’s 50 day moving average price is $1.77 and its two-hundred day moving average price is $2.06. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore has a 52-week low of $1.33 and a 52-week high of $3.28.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued 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 dividend payout ratio (DPR) is presently -9.30%.

Institutional Trading of W&T Offshore

Several hedge funds have recently added to or reduced their stakes in WTI. Squarepoint Ops LLC lifted its stake in W&T Offshore by 197.3% in the second quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock valued at $884,000 after buying an additional 274,156 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in W&T Offshore in the 3rd quarter worth $316,000. Ballentine Partners LLC bought a new position in W&T Offshore during the 3rd quarter worth about $295,000. Barclays PLC raised its stake in shares of W&T Offshore by 317.3% in the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 107,045 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of W&T Offshore by 307.5% in the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 104,156 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

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.