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 INC Files SEC form 8-K, Regulation FD Disclosure
- Southwestern Energy’s Natural Gas Price versus NYMEX Settlements
- W&T Offshore To Present At The 29th Annual ROTH Conference
- Webcast-OGIS New York for W&T Offshore, Inc.
- The Energy Sectors Takes it on the Chin
- W&T OFFSHORE INC Financials
- W&T Offshore, Inc. :WTI-US: Earnings Analysis: Q4, 2016 By the Numbers : March 8, 2017
- W&T Offshore’s Stock Price Forecast Using Implied Volatility
- Did W&T Offshore Generate Positive Free Cash Flow in 4Q16?
- Chart in Focus: W&T Offshore’s Lease Operating Expenses