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 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
- W&T Offshore (WTI) Reports Q2 Loss, Misses Revenue Estimates
- W&T: Q2 Earnings Snapshot
- W&T Offshore Announces Second Quarter 2025 Results, Declares Dividend for Third Quarter of 2025 and Celebrates 20 Year Anniversary on New York Stock Exchange
- W&T Offshore to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 20th Anniversary as a Public Company
- Gulfport Energy (GPOR) Reports Next Week: Wall Street Expects Earnings Growth
- W&T Offshore (WTI) Expected to Beat Earnings Estimates: Should You Buy?
- W&T Offshore Announces Timing of Second Quarter 2025 Earnings Release and Conference Call
