W&T Offshore Q3 Earnings Forecast Lowered by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of W&T Offshore in a note issued to investors on Friday, October 9th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.07) per share for the quarter, down from their previous forecast of ($0.06). 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 $0.01 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 announced 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 the consensus estimate of $157.46 million.

WTI has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a report on Friday, July 17th. Wall Street Zen downgraded shares of W&T Offshore from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Roth Capital set a $4.25 price target on shares of W&T Offshore in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.25.

W&T Offshore Trading Down 4.6%

NYSE WTI opened at $3.65 on Tuesday. W&T Offshore has a 1-year low of $1.50 and a 1-year high of $5.08. The stock’s 50 day moving average is $3.76 and its two-hundred day moving average is $3.66. The company has a market capitalization of $551.69 million, a price-to-earnings ratio of -5.01 and a beta of 0.35.

Institutional Trading of W&T Offshore

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in W&T Offshore in the second quarter valued at approximately $3,592,000. BlackRock Inc. acquired a new stake in W&T Offshore during the 2nd quarter worth $26,065,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in W&T Offshore during the 2nd quarter worth $3,353,000. Bank of America Corp DE acquired a new stake in W&T Offshore during the 2nd quarter worth $1,918,000. Finally, Renaissance Technologies LLC grew its holdings in W&T Offshore by 158.5% during the 1st quarter. Renaissance Technologies LLC now owns 590,300 shares of the oil and gas company’s stock worth $2,013,000 after acquiring an additional 361,900 shares during the period. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Announces Dividend

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

Trending Headlines about W&T Offshore

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

• Positive Sentiment: Crude oil’s technical outlook strengthened, with reversal signals pointing to additional upside toward approximately $110 and $119. Higher oil prices could improve realized pricing, cash flow and profitability for W&T Offshore. WTI Crude Oil Price Forecast: Reversal Signals Point to Further Gains
• Positive Sentiment: Zacks Research made several upward revisions to W&T Offshore’s earnings outlook, including FY2026 EPS to approximately -$0.07 from -$0.10, FY2027 EPS to -$0.04 from -$0.21, and FY2028 EPS to -$0.06 from -$0.11. Estimates also improved for Q4 2026, Q3 2027, Q4 2027 and Q3 2028, suggesting analysts see better profitability potential in later periods.
• Neutral Sentiment: The revisions remain mixed rather than uniformly bullish. Zacks projects losses for FY2026, FY2027 and FY2028, while the current full-year consensus is approximately -$0.10 per share. The company’s most recent quarter also included an EPS miss, although revenue exceeded expectations.
• Negative Sentiment: Zacks lowered estimates for Q3 2026 EPS to -$0.07 from -$0.06, Q2 2027 EPS to -$0.08 from -$0.07, Q1 2028 EPS to -$0.08 from -$0.06, and Q2 2028 EPS to -$0.14 from -$0.03. These cuts indicate continued near-term earnings pressure and may outweigh the more optimistic longer-term revisions.

About W&T Offshore

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.