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 (WTI) Up 28% Since Last Earnings Report: Can It Continue?
- We Wouldn't Be Too Quick To Buy W&T Offshore, Inc. (NYSE:WTI) Before It Goes Ex-Dividend
- W&T Offshore's (NYSE:WTI) Dividend Will Be $0.01
- W&T Offshore Inc (WTI) Q1 2025 Earnings Call Highlights: Strong Production and Financial ...
- W&T Offshore First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
- W&T Offshore Q1 Loss Narrower Than Expected, Revenues Decline Y/Y
- W&T Offshore (WTI) Reports Q1 Loss, Tops Revenue Estimates
- W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025
- Talos Energy (TALO) Beats Q1 Earnings and Revenue Estimates
- Civitas Resources (CIVI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
