W&T Offshore, Inc. (NYSE:WTI – Free Report) – Analysts at Zacks Research boosted their Q3 2026 earnings estimates for W&T Offshore in a research note issued to investors on Thursday, November 21st. Zacks Research analyst N. Banerjee now forecasts that the oil and gas company will post earnings of $0.01 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.49) per share.
Separately, StockNews.com lowered W&T Offshore from a “hold” rating to a “sell” rating in a research report on Thursday, September 19th.
W&T Offshore Stock Up 0.5 %
Shares of NYSE WTI opened at $1.98 on Monday. W&T Offshore has a 12-month low of $1.90 and a 12-month high of $3.55. The stock’s fifty day simple moving average is $2.16 and its two-hundred day simple moving average is $2.21. The stock has a market capitalization of $291.77 million, a PE ratio of -4.60 and a beta of 1.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32.
W&T Offshore Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.02%. W&T Offshore’s payout ratio is -9.30%.
Institutional Investors Weigh In On W&T Offshore
Several hedge funds have recently bought and sold shares of WTI. Jacobs Levy Equity Management Inc. boosted its position in W&T Offshore by 174.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company’s stock worth $1,053,000 after purchasing an additional 252,394 shares in the last quarter. Squarepoint Ops LLC grew its stake 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 during the period. Quadrature Capital Ltd purchased a new stake in W&T Offshore in the 1st quarter worth $629,000. Virtu Financial LLC purchased a new stake in W&T Offshore in the 1st quarter worth $191,000. Finally, Huber Capital Management LLC raised its position in W&T Offshore by 18.1% during the second quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company’s stock worth $10,194,000 after acquiring an additional 731,254 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.
About W&T Offshore
W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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