W&T Offshore (NYSE:WTI) Trading Down 5.2% – What’s Next?
by Amy Steele · The Cerbat GemShares of W&T Offshore, Inc. (NYSE:WTI – Get Free Report) dropped 5.2% during trading on Tuesday . The company traded as low as $4.14 and last traded at $4.20. Approximately 1,724,003 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 6,665,959 shares. The stock had previously closed at $4.43.
W&T Offshore News Roundup
Here are the key news stories impacting W&T Offshore this week:
- Positive Sentiment: Zacks Research raised near-term earnings estimates across several periods for W&T Offshore, including Q2 2026, Q3 2026, Q4 2026, Q2 2027, and Q4 2027, suggesting analysts see slightly better profitability than before. WTI analyst estimate revisions
- Neutral Sentiment: Zacks Research kept a Hold rating on the stock, indicating the upgrades were not strong enough to turn outright bullish. WTI hold rating
- Neutral Sentiment: Broader market commentary noted spot oil prices falling to multi-week lows, which can pressure energy producers like W&T Offshore even as it may help lower input costs elsewhere. Broader oil market article
- Negative Sentiment: Despite the upgrades, the analyst outlook still points to expected losses in 2026 through 2028, limiting the strength of the bullish case for the stock. WTI earnings estimates
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. William Blair assumed coverage on W&T Offshore in a research note on Friday, April 17th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of W&T Offshore in a research report on Monday, April 20th. Zacks Research cut shares of W&T Offshore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of W&T Offshore from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, W&T Offshore currently has a consensus rating of “Hold”.
View Our Latest Analysis on W&T Offshore
W&T Offshore Stock Up 0.9%
The stock has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $2.63. The firm has a market cap of $557.18 million, a PE ratio of -3.94 and a beta of 0.29.
W&T Offshore (NYSE:WTI – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The firm had revenue of $150.02 million during the quarter, compared to analysts’ expectations of $138.41 million. Research analysts expect that W&T Offshore, Inc. will post -0.12 earnings per share for the current year.
W&T Offshore Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. W&T Offshore’s dividend payout ratio (DPR) is currently -4.21%.
Institutional Trading of W&T Offshore
Hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP bought a new position in W&T Offshore during the 3rd quarter worth approximately $28,000. StoneX Group Inc. bought a new stake in shares of W&T Offshore during the 4th quarter valued at about $28,000. Oxford Asset Management LLP bought a new stake in W&T Offshore during the 2nd quarter valued at approximately $29,000. Wealth Enhancement Advisory Services LLC purchased a new stake in W&T Offshore in the third quarter worth $30,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of W&T Offshore in the 3rd quarter worth about $32,000. 42.88% of the stock is owned by institutional investors.
About W&T Offshore
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.