Zacks Research Downgrades W&T Offshore to Hold

Analysts cut shares from "strong-buy" to "hold" rating.

Published on Feb. 28, 2026

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Zacks Research has downgraded shares of W&T Offshore (NYSE:WTI) from a "strong-buy" rating to a "hold" rating in a research note issued on Thursday. The company's stock opened at $2.65 on the day, up 3.3% from the previous close.

Why it matters

The downgrade from Zacks Research comes as a setback for W&T Offshore, which had previously been rated as a strong buy by the firm. The change in rating could impact investor sentiment and the company's stock performance going forward.

The details

According to the research note, Zacks Research cited unspecified factors in its decision to downgrade W&T Offshore from a strong-buy to a hold rating. The company's stock has traded in a 52-week range of $1.09 to $2.78, and currently has a market capitalization of $393.52 million.

  • Zacks Research issued the downgrade on Thursday, February 28, 2026.

The players

W&T Offshore

An independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico.

Zacks Research

A research firm that provides investment research and analysis.

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The takeaway

The downgrade from Zacks Research is a setback for W&T Offshore, which had previously been viewed as a strong investment opportunity. Investors will be closely watching the company's performance and any further analyst actions in the coming weeks and months.