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!
- Chart in Focus: W&T Offshore’s Cash Flow Estimates
- A Look at W&T Offshore’s 2016 Capital Expenditure Guidance
- Denbury Resources (DNR) Posts Q4 Loss as Expected, Sales Top
- Southwestern Energy (SWN) Q4 Earnings Miss, Revenues Beat
- W&T Offshore’s Production Fell to Two-Year Low in 4Q16
- Analyzing W&T Offshore’s 4Q16 Revenue Expectations
- W&T Offshore Expected to Reduce Net Losses in 4Q16
- Chesapeake Energy (CHK) Q4 Earnings Beat, Reserves Grow
- Newfield Exploration (NFX) Beats on Q4 Earnings, Revenues
- Optimism about OPEC’s Higher Compliance Boosts Oil Prices