Zacks Research Raises Earnings Estimates for W&T Offshore

W&T Offshore, Inc. (NYSE:WTI) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share estimates for shares of W&T Offshore in a research report issued to clients and investors on Monday, March 30th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of ($0.14) for the quarter, up from their prior forecast of ($0.18). Zacks Research has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.43) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.29) EPS.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of W&T Offshore in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

W&T Offshore Price Performance

Shares of W&T Offshore stock opened at $3.41 on Wednesday. The firm’s fifty day simple moving average is $2.66 and its 200-day simple moving average is $2.15. The stock has a market capitalization of $506.59 million, a price-to-earnings ratio of -3.37 and a beta of 0.26. W&T Offshore has a 12 month low of $1.09 and a 12 month high of $4.04.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The business had revenue of $121.71 million during the quarter, compared to the consensus estimate of $115.36 million.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 19th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, March 19th. W&T Offshore’s dividend payout ratio is -3.96%.

Hedge Funds Weigh In On W&T Offshore

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AXQ Capital LP purchased a new position in W&T Offshore during the 3rd quarter worth $28,000. HBK Sorce Advisory LLC acquired a new stake in shares of W&T Offshore in the 3rd quarter worth $30,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of W&T Offshore in the third quarter valued at about $30,000. CWM LLC increased its stake in shares of W&T Offshore by 181.6% during the third quarter. CWM LLC now owns 16,908 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 10,904 shares during the period. Finally, StoneX Group Inc. acquired a new position in shares of W&T Offshore during the fourth quarter worth about $28,000. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting W&T Offshore

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

• Positive Sentiment: Zacks Research raised several near?term and medium?term EPS forecasts (FY2026 from -$0.45 to -$0.43; FY2027 from -$0.36 to -$0.29, plus upgrades to multiple Q1–Q3 2027 and Q3 2026 quarter estimates), and issued a FY2028 EPS projection of $0.20 — these upward revisions signal improving analyst expectations that could support the share price. MarketBeat WTI
• Neutral Sentiment: Zacks kept a “Hold” rating on WTI and the consensus full?year estimate remains negative (around -$0.45), so while estimates moved, sentiment from this analyst remains cautious. MarketBeat WTI
• Negative Sentiment: W&T reported a Q4 2025 EPS miss (reported -$0.14 vs. consensus -$0.06) despite a revenue beat — the EPS shortfall highlights profitability pressure and may weigh on the stock. W&T Falls Behind Expectations in Q4 2025
• Negative Sentiment: Macro pressure: Brent plunged ~9% on signs of a possible Iran deal, which pulls global oil prices lower — a weaker oil price environment tends to reduce near?term cash flow for Gulf producers like WTI. Brent Oil Dives 9%

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.