W&T Offshore (NYSE:WTI) Issues Earnings Results, Misses Estimates By $0.17 EPS
by Scott Moore · The Cerbat GemW&T Offshore (NYSE:WTI – Get Free Report) released its quarterly earnings data on Thursday. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17), reports. The company had revenue of $150.02 million during the quarter, compared to analyst estimates of $138.41 million.
W&T Offshore Trading Down 2.2%
NYSE WTI traded down $0.09 on Friday, hitting $3.74. 8,357,648 shares of the company traded hands, compared to its average volume of 6,707,595. The business’s 50 day moving average price is $3.23 and its 200-day moving average price is $2.40. W&T Offshore has a 52-week low of $1.34 and a 52-week high of $4.49. The company has a market capitalization of $555.69 million, a price-to-earnings ratio of -3.70 and a beta of 0.29.
W&T Offshore Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.04 annualized dividend and a yield of 1.1%. W&T Offshore’s payout ratio is -3.96%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on WTI shares. Zacks Research downgraded W&T Offshore from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. William Blair started coverage on W&T Offshore in a report on Friday, April 17th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, W&T Offshore currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on WTI
Key Stories Impacting W&T Offshore
Here are the key news stories impacting W&T Offshore this week:
- Neutral Sentiment: W&T Offshore reported Q1 2026 results and reiterated a small quarterly dividend of $0.01 per share, signaling continued cash returns to shareholders. W&T Offshore Announces First Quarter 2026 Results and Declares Dividend for Second Quarter of 2026
- Neutral Sentiment: The company’s earnings call transcript is available for investors looking for management commentary on production, pricing, and outlook after the quarter. W&T Offshore, Inc. (WTI) Q1 2026 Earnings Call Transcript
- Negative Sentiment: W&T Offshore missed Q1 EPS estimates as lower commodity price realizations reduced profitability, even though revenue rose 16% year over year on stronger volumes and lower lease operating expenses. W&T Offshore Q1 Earnings Miss on Lower Commodity Price Realizations
- Negative Sentiment: The broader oil market also faces a new overhang after a Reuters report said Diamondback Energy is betting on a wider WTI-Brent spread if U.S. oil export restrictions became a concern, highlighting policy risk that could pressure U.S. crude pricing sentiment. Diamondback bets on wider WTI-Brent gap amid US export ban concerns
Institutional Trading of W&T Offshore
Hedge funds and other institutional investors have recently modified their holdings of the company. StoneX Group Inc. purchased a new stake in W&T Offshore during the 4th quarter valued at approximately $28,000. Dynamic Technology Lab Private Ltd bought a new stake in W&T Offshore in the third quarter worth $32,000. Oxford Asset Management LLP purchased a new position in W&T Offshore during the second quarter worth $29,000. Engineers Gate Manager LP bought a new position in W&T Offshore during the fourth quarter valued at $32,000. Finally, Raymond James Financial Inc. raised its stake in shares of W&T Offshore by 42.7% in the second quarter. Raymond James Financial Inc. now owns 21,957 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 6,569 shares during the period. 42.88% of the stock is 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.