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!
- ETFs with exposure to W&T Offshore, Inc. : May 29, 2017
- Kosmos Has Outperformed Oil and Its Peers since Its 1Q17 Results
- World Point Terminals (WPT) Looks Good: Stock Rises 7.4%
- Is it Time to Add Enbridge Energy (EEP) Stock to Portfolio?
- W&T Offshore, Inc. breached its 50 day moving average in a Bearish Manner : WTI-US : May 24, 2017
- Chesapeake (CHK) Declares Pricing of $750M Notes Offering
- Total S.A. (TOT) Hits 52-Week High on Steady Performance
- Is it Worth Holding EOG Resources (EOG) in Your Portfolio?
- W&T Offshore, Inc. :WTI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
- The Zacks Analyst Blog Highlights: Canadian Natural Resources, Ocean Rig UDW, McDermott International, C&J Energy Services and W&T Offshore