W&T Offshore (NYSE:WTI) Raised to “Strong-Buy” at Zacks Research

W&T Offshore (NYSE:WTI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.47) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at ($0.12) EPS and Q4 2027 earnings at ($0.03) EPS.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

W&T Offshore Price Performance

Shares of WTI opened at $1.79 on Monday. The firm has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.83. The company has a market cap of $265.57 million, a P/E ratio of -1.80 and a beta of 0.32. W&T Offshore has a one year low of $1.09 and a one year high of $2.59.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The business had revenue of $127.52 million for the quarter, compared to analyst estimates of $125.69 million. On average, analysts expect that W&T Offshore will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On W&T Offshore

Several hedge funds and other institutional investors have recently bought and sold shares of WTI. AXQ Capital LP bought a new position in shares of W&T Offshore in the 3rd quarter worth about $28,000. Oxford Asset Management LLP bought a new stake in W&T Offshore in the second quarter worth approximately $29,000. HBK Sorce Advisory LLC acquired a new position in W&T Offshore in the third quarter valued at approximately $30,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of W&T Offshore during the 3rd quarter worth approximately $30,000. Finally, CWM LLC grew its position in shares of W&T Offshore by 181.6% during the 3rd quarter. CWM LLC now owns 16,908 shares of the oil and gas company’s stock worth $31,000 after buying an additional 10,904 shares during the period. Institutional investors and hedge funds own 42.88% of the company’s stock.

Key W&T Offshore News

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

• Positive Sentiment: Zacks Research upgraded W&T from a “hold” to a “strong-buy”, signaling improved analyst conviction and often supporting short-term buying interest. Zacks Research Upgrade
• Positive Sentiment: Zacks raised several forward EPS forecasts (FY2026 to ($0.47) from ($0.48); Q3 2027 and Q4 2026 estimates were nudged higher, and Q4 2027 was revised up), suggesting modestly improved near?term profitability expectations vs. prior views — supportive for valuation revision. Zacks Forecast Revisions
• Positive Sentiment: Oil-market strength (WTI crude moving above the $60 level) provides a constructive commodity backdrop for E&P names like W&T — higher oil prices generally boost revenue and cash flow prospects. WTI Oil Climbed Above The $60.00 Level
• Neutral Sentiment: Oil markets remain volatile amid trade/geopolitical headlines; this can amplify swings in small-cap oil names (higher beta to oil prices but also sensitivity to macro headlines). Traders may be reacting to both the Zacks upgrade and the broader oil-price volatility. Oil Rebounds From Session Lows
• Negative Sentiment: Zacks lowered its Q1 2027 EPS estimate (to ($0.13) from ($0.10)) and also trimmed its Q2 2027 view (to ($0.08) from ($0.06)), indicating pockets of near-term weakness that could weigh on sentiment and short-term earnings visibility. Zacks Q1/Q2 Estimate Cuts

About W&T Offshore

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.