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!
- W&T Offshore Announces Timing of First Quarter 2025 Earnings Release and Conference Call
- Strength Seen in EQT (EQT): Can Its 5.6% Jump Turn into More Strength?
- BP Kicks Off Cypre Gas Production in the Caribbean, Off Trinidad
- W&T Offshore to Participate in Water Tower Research Fireside Chat on April 7, 2025
- RPC Expands Permian Reach With $245M Pintail Acquisition
- ConocoPhillips Eyes $1B Sale of Oklahoma Oil & Gas Assets
- Why Is W&T (WTI) Down 3.3% Since Last Earnings Report?
- BP Secures Israeli Offshore Gas Licenses With SOCAR, NewMed
- Equinor Kicks Off Production at Johan Castberg in Barents Sea
- SLB Secures Major Drilling Deal for Woodside's Trion Project
