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!
- Where Wall Street Thinks W&T Offshore Can Trade in a Year
- Why W&T Offshore Reported Lower Production in 3Q17
- Gauging Trends in W&T Offshore’s Revenues
- Oil rises over 2 percent, but shows first weekly fall in six
- How W&T Offshore Turned Losses into Profits in 3Q17
- Will W&T Offshore’s Stock Rally Resume?
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- Detailed Research: Economic Perspectives on Park Hotels & Resorts, Cherry Hill Mortgage Investment, American Financial, W&T Offshore, Iron Mountain, and New Residential Investment – What Drives Growth in Today's Competitive Landscape
- What the purge at the House of Saud means for crude oil