Continuing on with the Turkey stocks for this week, today we are focusing on W&T Offshore (WTI). The company recently had some bad news as the company announced it is facing regulatory hurdles imposed by the Environmental Protection Agency. The Houston-based miner announced last week that it had received suspension notices from government regulators concerning its oil and gas leases in the Gulf of Mexico. The notices pertain to a minor oil leak in 2009 which breached the Clean Water Act.
That hit the stock hard.
From the fundamental perspective, the company has a significant amount of debt (200%) as compared to equity. The EPS growth rate has been negative and the outlook does not look impressive.
Looking out further, the expected revenue growth is in the single digits and that could be lowered due to the recent suspensions.
Technically the stock scores very low. The price is in a downtrend and recently cut below the key support level.
Recent WTI News from Yahoo!
- Oil and Gas Stock Roundup: OPEC Optimism Brought These Oil Stocks Back to Life
- Falling Short Interest in W&T Offshore: Will Downtrend End?
- What W&T Offshore’s Implied Volatility Says about the Stock
- Where Wall Street Thinks W&T Offshore Could Trade in a Year
- Upstream Gainers This Week: Jones Energy Leads the Pack
- W&T Offshore Reported Negative Cash Flows in 2Q17
- How W&T Offshore’s Lease Operating Expenses Are Trending
- Why W&T Offshore Reported Higher Production in 2Q17
- Why W&T Offshore’s Revenues Are Trending Upward
- How W&T Offshore Turned Losses into Profits in 2Q17