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!
- 3 Beaten-Up Oil Stocks: Are They Bargains?
- 3 Stocks That Doubled in Just the Last 6 Months
- New Strong Sell Stocks for January 30th
- Why Shares of W&T Offshore, Inc. Popped 16% Today
- This Oil Stock Is Scorching Hot Right Now (Is It Still a Buy or Will It Burn Investors?)
- US Distillate Inventories Rose for the Seventh Time in 8 Weeks
- Expect crude oil to top out in this range: NSYE trader
- Energy ETFs & Stocks Soaring to Start 2018
- US Gasoline Inventories Could Pressure Crude Oil Prices
- Crude Oil Futures Hit a 3-Year High