W&T Offshore (NYSE:WTI) Trading Up 6.6% – What’s Next?

W&T Offshore, Inc. (NYSE:WTI) shares shot up 6.6% on Thursday . The company traded as high as $4.17 and last traded at $4.1150. Approximately 934,836 shares traded hands during trading, a decline of 84% from the average session volume of 5,847,097 shares. The stock had previously closed at $3.86.

Key Stories Impacting W&T Offshore

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

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to a loss of $0.12 from $0.14, lifted Q1 2027 to a loss of $0.06 from $0.07, and improved Q4 2027 to a loss of $0.04 from $0.08.
• Positive Sentiment: The firm also increased its FY2028 EPS outlook to a loss of $0.14 from $0.21, suggesting better expected profitability over the longer term.
• Neutral Sentiment: Despite the revisions, W&T Offshore is still expected to remain unprofitable across the cited periods. Zacks’ current estimates include losses of $0.12 per share for FY2026, $0.26 for FY2027 and $0.14 for FY2028, compared with the broader current-year consensus loss of $0.10.
• Negative Sentiment: Zacks cut its Q4 2026 EPS forecast to a loss of $0.05 from $0.03, reduced Q2 2027 to a loss of $0.07 from $0.04, and lowered Q3 2027 to a loss of $0.09 from $0.05.
• Negative Sentiment: The FY2027 forecast was also reduced to a loss of $0.26 from $0.25, while Q2 2028 was lowered to a loss of $0.04 from $0.03. These downward revisions reinforce concerns about continued earnings pressure.

Analyst Ratings Changes

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

W&T Offshore Price Performance

The company has a market capitalization of $593.21 million, a P/E ratio of -5.38 and a beta of 0.24. The firm’s 50-day moving average is $3.45 and its 200-day moving average is $3.37.

W&T Offshore (NYSE:WTI) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $162.62 million for the quarter, compared to analyst estimates of $157.46 million. As a group, analysts forecast that W&T Offshore, Inc. will post -0.09 EPS for the current fiscal year.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 19th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. W&T Offshore’s dividend payout ratio is -5.48%.

Hedge Funds Weigh In On W&T Offshore

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in W&T Offshore during the second quarter valued at about $26,065,000. UBS Group AG raised its stake in shares of W&T Offshore by 381.1% in the fourth quarter. UBS Group AG now owns 2,400,024 shares of the oil and gas company’s stock worth $3,912,000 after buying an additional 1,901,213 shares during the period. Bank of New York Mellon Corp bought a new position in shares of W&T Offshore in the second quarter worth about $3,592,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of W&T Offshore in the second quarter worth about $3,353,000. Finally, Algert Global LLC lifted its position in shares of W&T Offshore by 185.8% during the 2nd quarter. Algert Global LLC now owns 1,589,137 shares of the oil and gas company’s stock valued at $5,006,000 after buying an additional 1,033,167 shares in the last quarter. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

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.