3 days Ago By ABMN Staff
W&T Offshore, Inc. ( NYSE:WTI – Free Report ) – Investment analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of W&T Offshore in a research report issued on Thursday, September 12th. Zacks Research analyst N.
Banerjee now anticipates that the oil and gas company will earn ($0.31) per share for the year, down from their previous forecast of ($0.29).
The consensus estimate for W&T Offshore’s current full-year earnings is ($0.34) per share. Zacks Research also issued estimates for W&T Offshore’s Q4 2024 earnings at ($0.
10) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.10) EPS and Q1 2026 earnings at $0.
02 EPS. Separately, StockNews.com raised W&T Offshore from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th.
W&T Offshore Price Performance W&T Offshore stock opened at $2.04 on Monday. The company’s 50 day moving average is $2.
25 and its two-hundred day moving average is $2.34. The company has a quick ratio of 1.
06, a current ratio of 1.06 and a debt-to-equity ratio of 75.32.
W&T Offshore has a 52-week low of $1.92 and a 52-week high of $4.47.
The firm has a market cap of $299.59 million, a PE ratio of -13.60 and a beta of 1.
40. W&T Offshore ( NYSE:WTI – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.
05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02).
The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $148.05 million.
W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%.
The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.
08) EPS. Hedge Funds Weigh In On W&T Offshore A number of hedge funds have recently made changes to their positions in WTI. Sanders Morris Harris LLC bought a new position in W&T Offshore during the 1st quarter worth approximately $26,000.
Norden Group LLC acquired a new position in shares of W&T Offshore during the first quarter valued at approximately $29,000. CCG Wealth Management LLC bought a new position in shares of W&T Offshore during the 2nd quarter valued at about $26,000. Paloma Partners Management Co purchased a new position in W&T Offshore in the 1st quarter worth about $36,000.
Finally, Quadrant Capital Group LLC grew its holdings in shares of W&T Offshore by 131.6% during the fourth quarter. Quadrant Capital Group LLC now owns 15,607 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 8,869 shares in the last quarter.
Institutional investors and hedge funds own 42.88% of the company’s stock. W&T Offshore Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th.
Investors of record on Tuesday, August 20th were paid a $0.01 dividend. This represents a $0.
04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Tuesday, August 20th.
W&T Offshore’s payout ratio is currently -26.66%. W&T Offshore Company Profile ( Get Free Report ) W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico.
The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas. See Also Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.
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