Tue Sep 17 05:41:48 UTC 2024: ## W&T Offshore Faces Earnings Downgrade Amidst Mixed Signals

**Houston, TX – September 17, 2024** – W&T Offshore, Inc. (NYSE: WTI), an independent oil and natural gas producer, saw its earnings outlook revised downwards by analysts at Zacks Research. The firm now predicts the company will report a loss of $0.31 per share for FY2024, compared to their previous forecast of a loss of $0.29 per share. This adjustment comes despite W&T Offshore posting a revenue increase of 13.1% in the most recent quarter, surpassing the consensus estimate.

While Zacks Research lowered its earnings forecast, StockNews.com upgraded W&T Offshore’s rating from “sell” to “hold,” suggesting a more neutral outlook. The company’s stock opened at $2.04 on Monday, fluctuating within a 12-month range of $1.92 to $4.47.

Institutional investors have shown mixed interest in W&T Offshore. Several firms, including Huber Capital Management LLC, GSA Capital Partners LLP, and Russell Investments Group Ltd., increased their holdings in the company. However, the company’s dividend payout ratio remains negative at -26.67%, raising concerns about its sustainability.

W&T Offshore, headquartered in Houston, Texas, has been operating since 1983 and focuses on oil and gas exploration and development in the Gulf of Mexico.

**Key Points:**

* Zacks Research lowered FY2024 earnings estimates for W&T Offshore to ($0.31) per share.
* StockNews.com upgraded W&T Offshore’s rating to “hold” from “sell.”
* Institutional investors have both increased and reduced their holdings in W&T Offshore.
* The company’s dividend payout ratio remains negative at -26.67%.

**Despite a recent revenue increase, W&T Offshore faces challenges with earnings and dividend sustainability. Investors will be closely watching the company’s upcoming financial reports for further insights.**

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