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 Could Be Trading in One Year
- What the Short Interest in W&T Offshore Tells Us
- 5 Top Performing Energy Stocks of September
- Upstream Gainers This Week: Denbury Resources Leads
- What W&T Offshore’s Implied Volatility Tells Us
- What Really Moved W&T Offshore Stock Last Week?
- Is W&T Offshore’s Stock Rally Over?
- Natural Gas Falls Even as EIA Confirms Bullish Supply Data
- W&T Offshore To Present At The IPAA Oil & Gas Investment Symposia In Chicago
- US Drillers Deploy More Oil Rigs as Crude Gains