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 2020 Results
- Will W&T (WTI) Beat Estimates Again in Its Next Earnings Report?
- W&T Offshore Announces Timing of Second Quarter 2020 Earnings Release and Conference Call
- Analysts Estimate W&T Offshore (WTI) to Report a Decline in Earnings: What to Look Out for
- Why Is W&T (WTI) Up 3.5% Since Last Earnings Report?