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!
- Texas Oil Company Asks Federal Court to Stop Insurance Companies’ $250 Million Demand for Additional Collateral
- W&T Offshore, Inc. (WTI): Analysts Are Bullish On This Oil and Gas Stock Now
- W&T Offshore (NYSE:WTI) Will Pay A Dividend Of $0.01
- W&T Offshore Third Quarter 2024 Earnings: EPS Misses Expectations
- Q3 2024 W&T Offshore Inc Earnings Call
- W&T Offshore Inc (WTI) Q3 2024 Earnings Call Highlights: Strong Financial Performance ...
- W&T Offshore Q3 Loss Narrower Than Expected, Revenues Decline Y/Y
- W&T Offshore (WTI) Reports Q3 Loss, Misses Revenue Estimates
- W&T: Q3 Earnings Snapshot
- W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024
