W&T Offshore Q3 Earnings Forecast Cut by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research cut their Q3 2026 earnings per share (EPS) estimates for W&T Offshore in a note issued to investors on Friday, October 9th. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($0.07) per share for the quarter, down from their previous estimate of ($0.06). The consensus estimate for W&T Offshore’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($0.07) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.08) EPS, Q3 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.00 EPS, FY2027 earnings at ($0.04) EPS, Q1 2028 earnings at ($0.08) EPS, Q2 2028 earnings at ($0.14) EPS, Q3 2028 earnings at $0.12 EPS and FY2028 earnings at ($0.06) EPS.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data 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 firm had revenue of $162.62 million during the quarter, compared to analyst estimates of $157.46 million.

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

W&T Offshore Stock Up 3.4%

Shares of NYSE WTI opened at $3.75 on Tuesday. The stock’s fifty day simple moving average is $3.74 and its 200 day simple moving average is $3.65. The stock has a market capitalization of $566.79 million, a price-to-earnings ratio of -5.14 and a beta of 0.35. W&T Offshore has a 52-week low of $1.50 and a 52-week high of $5.08.

Institutional Investors Weigh In On W&T Offshore

Several hedge funds have recently made changes to their positions in WTI. The Manufacturers Life Insurance Company boosted its stake 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 worth $90,000 after purchasing an additional 3,159 shares during the period. Engineers Gate Manager LP grew its position in W&T Offshore by 143.4% during the 2nd quarter. Engineers Gate Manager LP now owns 300,035 shares of the oil and gas company’s stock worth $945,000 after purchasing an additional 176,751 shares in the last quarter. Squarepoint Ops LLC purchased a new position in W&T Offshore during the 2nd quarter worth approximately $2,008,000. Corient Private Wealth LP acquired a new stake in W&T Offshore during the 2nd quarter valued at $50,000. Finally, AXQ Capital LP raised its stake in W&T Offshore by 61.6% during the 2nd quarter. AXQ Capital LP now owns 102,822 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 39,213 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. W&T Offshore’s payout ratio is currently -5.48%.

More W&T Offshore News

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

• Positive Sentiment: Zacks raised W&T Offshore’s FY2026 EPS forecast to -$0.07 from -$0.10, FY2027 EPS to -$0.04 from -$0.21, and FY2028 EPS to -$0.06 from -$0.11. These revisions imply a better long-term earnings outlook, although the company is still expected to report annual losses.
• Positive Sentiment: Several quarterly estimates also improved: Q4 2026 was raised to $0.01 EPS from -$0.03, Q1 2027 to -$0.04 from -$0.05, Q3 2027 to $0.08 from -$0.07, Q4 2027 to breakeven from -$0.03, and Q3 2028 to $0.12 from -$0.04. The upgrade to Q3 2027 is particularly notable because it shifts the forecast from a loss to a profit.
• Neutral Sentiment: The revisions are based on analyst modeling rather than a new operating announcement, and Zacks’ current full-year consensus remains at approximately -$0.10 EPS. Investors will likely continue to focus on oil and natural-gas prices, production results, and the company’s upcoming earnings report.
• Negative Sentiment: Near- and medium-term estimates were also reduced: Q3 2026 EPS moved to -$0.07 from -$0.06, Q2 2027 to -$0.08 from -$0.07, Q1 2028 to -$0.08 from -$0.06, and Q2 2028 to -$0.14 from -$0.03. These cuts reinforce concerns about uneven profitability and may limit the benefit of the longer-term upgrades.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and natural gas exploration and production company focused on offshore properties in the Gulf of Mexico. The company explores for, develops, and produces crude oil, natural gas, and natural gas liquids from assets located primarily in federal waters.

W&T Offshore operates across shallow-water shelf and deepwater areas of the Gulf of Mexico. Its activities include acquiring prospective acreage, drilling and completing wells, managing production operations, and developing existing fields and discoveries.