W&T Offshore FY2026 EPS Forecast Boosted by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Zacks Research upped their FY2026 EPS estimates for W&T Offshore in a research note issued on Wednesday, September 9th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of ($0.10) for the year, up from their previous estimate of ($0.12). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.09) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at ($0.03) EPS, Q1 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.03) EPS, FY2027 earnings at ($0.21) EPS, Q1 2028 earnings at ($0.06) EPS, Q2 2028 earnings at ($0.03) EPS and FY2028 earnings at ($0.11) EPS.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $162.62 million during the quarter, compared to analysts’ expectations of $157.46 million.

A number of other analysts have also recently issued reports on WTI. Wall Street Zen cut W&T Offshore from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of W&T Offshore in a research note on Friday, July 17th. Finally, Roth Capital set a $4.25 price target on shares of W&T Offshore in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.25.

W&T Offshore Trading Up 3.3%

Shares of WTI stock opened at $4.20 on Friday. The stock has a 50 day moving average of $3.62 and a two-hundred day moving average of $3.53. W&T Offshore has a 12 month low of $1.50 and a 12 month high of $5.08. The company has a market capitalization of $633.19 million, a P/E ratio of -5.75 and a beta of 0.28.

W&T Offshore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 19th. W&T Offshore’s payout ratio is presently -5.48%.

Hedge Funds Weigh In On W&T Offshore

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in W&T Offshore by 12.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,642 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 3,159 shares during the last quarter. Invesco Ltd. raised its position in shares of W&T Offshore by 1.4% during the fourth quarter. Invesco Ltd. now owns 312,081 shares of the oil and gas company’s stock worth $509,000 after acquiring an additional 4,241 shares during the last quarter. Graham Capital Management L.P. raised its position in shares of W&T Offshore by 7.6% during the fourth quarter. Graham Capital Management L.P. now owns 87,530 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 6,195 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of W&T Offshore by 21.7% during the third quarter. NewEdge Advisors LLC now owns 36,610 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 6,524 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of W&T Offshore by 42.7% during the second quarter. Raymond James Financial Inc. now owns 21,957 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 6,569 shares during the period. 42.88% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting W&T Offshore

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

• Positive Sentiment: Zacks raises multiple earnings forecasts: Zacks Research increased its EPS estimates for W&T Offshore’s fourth quarter of 2026, full-year 2026, first and third quarters of 2027, full-year 2027, first and second quarters of 2028, and full-year 2028. The largest revisions included FY2027 EPS improving to a loss of $0.21 from $0.26 and FY2028 EPS improving to a loss of $0.11 from $0.14. These revisions suggest analysts see a less severe earnings trajectory than previously expected. Zacks Research estimates
• Positive Sentiment: Recent profitability and dividend continuity support sentiment: W&T Offshore reported $12.6 million of second-quarter net income, reversing a $22.5 million loss in the prior quarter, and declared its 12th consecutive quarterly dividend. The return to profitability provides a positive near-term catalyst for investors. W&T Offshore turns a profit
• Positive Sentiment: Higher oil prices could improve cash flow: A bullish oil-market forecast projects WTI and Brent prices moving higher as geopolitical disruptions threaten global supply routes. Higher realized prices would generally benefit W&T Offshore’s offshore production revenue and margins. Oil price forecast
• Negative Sentiment: Losses are still expected: Despite the estimate increases, Zacks projects W&T Offshore to remain unprofitable, with consensus current-year EPS of negative $0.09 and Zacks forecasts of negative $0.10 for FY2026 and negative $0.21 for FY2027.
• Neutral Sentiment: Risks remain elevated: The company’s debt burden and continued short-seller interest could limit investor enthusiasm if oil prices weaken or operating results deteriorate.

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.