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!
- W&T Offshore Announces Second Quarter 2018 Financial and Operational Results Release and Conference Call Schedule
- Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC
- Free Daily Technical Summary Reports on Transocean and Three Other Oil & Gas Drilling & Exploration Stocks
- Options Traders Expect Huge Moves in W&T Offshore (WTI) Stock
- Is Oil Signaling a Bullish Turning Point?
- What Are Wall Street’s Targets for WTI, CRC, DNR, WLL, and OAS?
- Transocean and Three Additional Stocks Under Scanner in the Oil & Gas Space
- What’s the Best-Performing Oil and Gas Production Stock in 2018?
- Are Hedge Funds Buying WTI, CRC, DNR, WLL, and OAS?
- Implied Volatility Surging for W&T Offshore (WTI) Stock Options