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!
- Analyzing Wall Street Targets for the Best-Performing Upstream Stocks
- Analyzing Saudi Arabia’s Crude Oil Production Cut Strategy
- W&T Offshore, Inc. breached its 50 day moving average in a Bearish Manner : WTI-US : December 7, 2017
- The Best-Performing Upstream Stock Year-to-Date
- W&T Offshore to Present at the Capital One Securities 12th Annual Energy Conference
- ETFs with exposure to W&T Offshore, Inc. : December 1, 2017
- W&T Offshore, Inc. :WTI-US: Earnings Analysis: Q3, 2017 By the Numbers : November 30, 2017
- WTI Crude Oil Futures Hit a High Last Seen in June 2015
- Where Wall Street Thinks W&T Offshore Can Trade in a Year
- Why W&T Offshore Reported Lower Production in 3Q17