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!
- Edited Transcript of WTI earnings conference call or presentation 5-Mar-20 3:00pm GMT
- W&T Offshore Announces Increase in Prospective Acreage as the Apparent High Bidder on Two Blocks in the Latest Gulf of Mexico Lease Sale
- What Is W&T Offshore's (NYSE:WTI) P/E Ratio After Its Share Price Tanked?
- W&T Offshore to Curb 2020 Capex, Maintains Output Guidance
- W&T Offshore Announces Reduction in 2020 Capital Budget and Additional Natural Gas Hedges
- W&T Offshore, Inc. Just Beat EPS By 24%: Here's What Analysts Think Will Happen Next
- W&T Offshore (WTI) Q4 Earnings Beat Estimates, Reserves Grow
- W&T Offshore (WTI) Surpasses Q4 Earnings and Revenue Estimates
- W&T Offshore Announces Fourth Quarter and Full Year 2019 Results Including Year-End 2019 Proved Reserves and Provides 2020 Guidance
- Analysts Estimate W&T Offshore (WTI) to Report a Decline in Earnings: What to Look Out for