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

W&T Offshore (NYSE:WTI) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued 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 reissued a “sell (d-)” rating on shares of W&T Offshore in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

W&T Offshore Trading Down 1.4%

NYSE:WTI opened at $1.79 on Monday. The company has a market capitalization of $265.57 million, a P/E ratio of -1.80 and a beta of 0.32. The business’s 50-day moving average is $1.74 and its 200 day moving average is $1.83. W&T Offshore has a 12 month low of $1.09 and a 12 month high of $2.59.

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

Institutional Investors Weigh In On W&T Offshore

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of W&T Offshore by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,828,361 shares of the oil and gas company’s stock worth $12,428,000 after purchasing an additional 19,283 shares during the period. Millennium Management LLC boosted its position in shares of W&T Offshore by 24.2% during the first quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock valued at $4,761,000 after buying an additional 598,614 shares during the period. Geode Capital Management LLC boosted its position in shares of W&T Offshore by 2.3% during the second quarter. Geode Capital Management LLC now owns 2,341,646 shares of the oil and gas company’s stock valued at $3,864,000 after buying an additional 52,982 shares during the period. Two Sigma Investments LP grew its stake in shares of W&T Offshore by 9.8% during the third quarter. Two Sigma Investments LP now owns 1,495,254 shares of the oil and gas company’s stock valued at $2,721,000 after buying an additional 133,080 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of W&T Offshore by 4.7% in the third quarter. Russell Investments Group Ltd. now owns 1,197,040 shares of the oil and gas company’s stock worth $2,179,000 after buying an additional 53,721 shares during the period. Institutional investors own 42.88% of the company’s stock.

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.