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!
- PROP or WTI: Which E&P Stock Wins in This Small-Cap Face-Off?
- BP Sells U.S. Onshore Wind Assets, Realigns Focus on Oil & Gas
- SLB Q2 Earnings & Revenues Beat Estimates on Digital Strength
- Transocean Boosts Backlog Growth With New Contracts and Extensions
- Eni Seals Long-Term LNG Purchase Deal With Venture Global's CP2 Plant
- Zacks Industry Outlook Highlights EQT, APA, Civitas Resources and W&T Offshore
- Kinder Morgan Q2 Earnings Meet Estimates, Revenues Increase Y/Y
- EQT Secures Major Gas Supply Deal for Homer City Energy Campus
- Tough Times for U.S. Upstream Stocks? These 4 Buck the Trend
- ExxonMobil Taps Helix Alliance for Gulf of Mexico Decommissioning
