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!
- Are Oils-Energy Stocks Lagging National Energy Services Reunited (NESR) This Year?
- MUR Prices $500M of 6.5% Senior Notes to Redeem Debts With Proceeds
- Devon Energy Gains From Multi-basin Portfolio, Strategic Acquisition
- APA Corp (APA) Jumps 8.5% on LNG Demand Growth, Colder Season
- Zacks Industry Outlook Highlights Coterra Energy, Antero Resources, APA and W&T Offshore
- What Mixed Oil Inventory Signals Mean for Energy Stocks Now
- Are Select US E&P Stocks Worth a Look Amid Energy Swings?
- Are Investors Undervaluing W&T Offshore, Inc. (NYSE:WTI) By 36%?
- The Zacks Analyst Blog Highlights Drilling Tools, KLX Energy Services and W&T Offshore
- 3 Energy Stocks Down 35% From Their Highs to Buy in 2026
