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!
- 'The most important chart' shows a warning sign for stock...
- API: Crude inventories rise 1.6M barrels
- W&T Offshore Announces Second Quarter 2017 Financial and Operational Results Release and Conference Call Schedule
- The Zacks Analyst Blog Highlights: Nobilis Health, Extended Stay America, SYNNEX, Citizens Financial Group and W&T Offshore
- Oil inventories at surplus levels: Tocqueville's Joe Zock
- US Job Market Roars Back to Life: Top 5 Gainers
- US Gasoline Inventories and Demand Impact Crude Oil
- 5 Energy Stocks to Turn It Around in Q3
- ConocoPhillips to Divest Barnett Shale Stake: Here's Why
- Range Resources (RRC) to Grow in Marcellus Shale, Debts High