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!
- Are You Looking for a Top Momentum Pick? Why W&T Offshore (WTI) is a Great Choice
- Offshore Oil Stocks Rally While the Broad Market Slips: Transocean Climbs 6%, Valaris Rises 6%, W&T Offshore Gains 6%
- Venture Global's China Gas Agreement Expands Long-Term LNG Sales
- Zacks Industry Outlook W&T Offshore, APA and Diamondback
- 3 U.S. E&P Stocks That Look Well Placed for the Road Ahead
- Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; Oracle to Rise, Adobe to Fall
- W&T Offshore (WTI) Turns A Profit While Short Sellers Still Circle
- Why Is W&T (WTI) Up 16.5% Since Last Earnings Report?
- Is WTI Worth Buying Now as Relative Value Meets Balance-Sheet Risk?
- W&T Offshore Q2 Earnings Call Highlights
