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!
- Vitesse Energy (VTS) Misses Q3 Earnings and Revenue Estimates
- Analysts Estimate Permian Resources (PR) to Report a Decline in Earnings: What to Look Out for
- W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
- Earnings Preview: W&T Offshore (WTI) Q3 Earnings Expected to Decline
- State Street Corp's Strategic Reduction in W&T Offshore Inc Holdings
- Sector Update: Energy Stocks Mixed Early Friday
- W&T Offshore, Inc. (WTI): Q2 Highlights Include $123M Cash Reserve and Asset Growth
- W&T Offshore Issues 2023 Corporate Sustainabilty Report
- Why Is W&T (WTI) Down 9.6% Since Last Earnings Report?
- W&T Offshore Announces Appointment of General Counsel
