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!
- Sector Update: Energy Stocks Advance Late Afternoon
- Sector Update: Energy Stocks Rise Monday Afternoon
- Tracy Krohn Buys Handful Of Shares In W&T Offshore
- MNTN And 2 Other Growth Companies With Strong Insider Ownership
- California Resources (CRC) Soars 6.3%: Is Further Upside Left in the Stock?
- APA and Occidental Petroleum Stocks Tumble on Report OPEC+ Could Boost Oil Production
- Why Is W&T (WTI) Up 7.5% Since Last Earnings Report?
- W&T Offshore Q2 Loss Narrower Than Expected, Revenues Decline Y/Y
- Institutional investors own a significant stake of 37% in W&T Offshore, Inc. (NYSE:WTI)
- W&T (WTI) Reports Q2 Earnings: What Key Metrics Have to Say