Zacks Research Predicts W&T Offshore FY2027 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Zacks Research issued their FY2027 earnings per share estimates for shares of W&T Offshore in a research report issued on Monday, March 17th. Zacks Research analyst R. Department forecasts that the oil and gas company will post earnings of ($0.14) per share for the year. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share.

Separately, StockNews.com downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

W&T Offshore Trading Down 0.3 %

W&T Offshore stock opened at $1.59 on Wednesday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $234.00 million, a P/E ratio of -3.69 and a beta of 1.14. The firm’s 50 day moving average price is $1.66 and its 200-day moving average price is $1.87. W&T Offshore has a 1 year low of $1.30 and a 1 year high of $2.84.

W&T Offshore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, March 17th. W&T Offshore’s payout ratio is -6.78%.

Institutional Trading of W&T Offshore

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore in the fourth quarter worth $32,000. US Bancorp DE purchased a new stake in shares of W&T Offshore during the fourth quarter worth approximately $33,000. Ethic Inc. purchased a new position in shares of W&T Offshore in the fourth quarter worth about $36,000. Boothbay Fund Management LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth approximately $41,000. Finally, Intech Investment Management LLC acquired a new position in W&T Offshore during the third quarter worth $64,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

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.