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 1-Nov-18 2:00pm GMT
- Investor Expectations to Drive Momentum within W&T Offshore, Gibraltar Industries, Globalstar, BlackRock Capital Investment, New Media Investment Group, and WEC Energy Group — Discovering Underlying Factors of Influence
- W&T Offshore Announces Executive Management Changes
- W&T Offshore (WTI) Q3 Earnings and Revenues Surpass Estimates
- W&T: 3Q Earnings Snapshot
- W&T Offshore Announces Third Quarter 2018 Results and Fourth Quarter 2018 Guidance
- Is W&T Offshore (WTI) Stock Undervalued Right Now?
- Will W&T (WTI) Beat Estimates Again in Its Next Earnings Report?
- W&T Offshore, Inc. Announces Closing of Major Debt Refinancing
- How Weak Crude Oil Prices Could Affect Viper Energy Partners