Analysts Set Expectations for W&T Offshore FY2027 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Research analysts at Zacks Research issued their FY2027 earnings estimates for shares of W&T Offshore in a note issued to investors on Monday, March 17th. Zacks Research analyst R. Department anticipates 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 research report on Wednesday, March 5th.

W&T Offshore Trading Down 0.3 %

Shares of W&T Offshore stock opened at $1.59 on Wednesday. The company has a fifty day simple moving average of $1.66 and a 200-day simple moving average of $1.87. The stock has a market cap of $234.00 million, a price-to-earnings ratio of -3.69 and a beta of 1.14. W&T Offshore has a 12-month low of $1.30 and a 12-month high of $2.84. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32.

Institutional Investors Weigh In On W&T Offshore

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in W&T Offshore in the 4th quarter valued at $32,000. US Bancorp DE acquired a new stake in shares of W&T Offshore in the 4th quarter worth $33,000. Ethic Inc. purchased a new stake in shares of W&T Offshore in the fourth quarter valued at about $36,000. Boothbay Fund Management LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth about $41,000. Finally, R Squared Ltd purchased a new position in W&T Offshore during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Announces Dividend

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

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.