Traders Are Focused On The Next Move In Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation (WLL), a Oil & Gas E&P business, was a gaining stock in the previous trading session. Whiting Petroleum Corporation (WLL) shares opened at $1.3400 and closed the day at $1.2600 with positive move of +8.62%. The increase movement in Whiting Petroleum Corporation (WLL) beat the movement in the DOW for the day which gained +2.21% in previous trading day.

Whiting Petroleum Corporation (WLL) is focused on the Oil & Gas E&P sector. This stock market sector has seen some movement from traders in recent months. Bullish traders of Whiting Petroleum Corporation (WLL) will be looking for positive upcoming earnings whereas bearish traders of Whiting Petroleum Corporation (WLL) will be looking for negative earnings. The last time Whiting Petroleum Corporation (WLL) had an earnings surprise was on Qtr Ending 12/19 when they reported -$0.22 compared to an estimate of -$0.44 which was a difference of $+0.22 resulting in a change of +50.00%. Current earnings estimates are to be released for Current Qtr 03/2020 on Whiting Petroleum Corporation (WLL) and out of 6 Wall Street estimates the average is saying -$0.78. The high estimate is saying -$0.62 whereas the low estimate is saying -$1.17 and the prior year Whiting Petroleum Corporation (WLL) announced earnings at -$0.16 a growth rate est. (year over year) of -387.50%.

The market performance of Whiting Petroleum Corporation (WLL) has varied recently. Year to date Whiting Petroleum Corporation (WLL)’s shares are down -84.20%. Over the past 12 weeks Whiting Petroleum Corporation (WLL) is down -72.32% and over the last 4 weeks Whiting Petroleum Corporation (WLL) is up 73.03%. Whiting Petroleum Corporation (WLL) current income statement shows revenue (ttm) of $1.57B. Gross Profit is $1.06B. This puts the current EBITDA of Whiting Petroleum Corporation (WLL) at $843.02M.

Wall street traders might also notice recent changes to stock analyst estimates for Whiting Petroleum Corporation (WLL). The stock is trading with an RSI (relative strength index) of 58.65 indicating Whiting Petroleum Corporation (WLL) is neither overbought nor oversold. Technically, WLL’s short term support levels are around $90.78, $87.32 and $84.54 on the downside. WLLs short term resistance levels are $103.00, $101.65 and $98.70 on the upside. The market cap of Whiting Petroleum Corporation (WLL) is $115.634M and institutions hold 105.06% of the stock. The outstanding share count stands at 45.71M while the short float (shares short) stands at -.

Market research indicates that these earning estimate changes look to be directly correlated with short-term shares prices. The traders can look to capitalize on the basis of ranking. Whiting Petroleum Corporation (WLL) has short term rating of Neutral (0.20), Intermediate rating of Neutral (-0.19) and long-term rating of Bearish (-0.38) giving Whiting Petroleum Corporation (WLL) an overall rating of Neutral (-0.12).

The EPS growth this year on Whiting Petroleum Corporation (WLL) is decreased -170.90% and is expected to increase 19.80% next year. However, quarterly earnings (EPS) growth year over year on Whiting Petroleum Corporation (WLL) has decreased by -172.80% and quarterly revenue (Sales) growth year over year stands at -19.60%. Gross margin is detected at 79.10% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -15.30% while return on equity (ttm) is -5.80%.

Recent Developments:

2020-04-24 – Whiting Petroleum Corp – Exit Chapter 11 Within Next 5 Months.
2020-04-01 – Whiting Petroleum Reaches Agreement In Principle With Certain Of Its Noteholders To Pursue Consensual Financial Restructuring.
2020-02-27 – Whiting Petroleum Corp Reports Q4 Adjusted Loss Per Share $0.22.
2019-11-06 – Whiting Petroleum Says Q4 Production To Remain Relatively Flat.
2019-11-05 – Whiting Petroleum Corp Reports Qtrly Adjusted Loss Per Share Of $0.38.

About Company:

Founded in 1980, Denver, CO-based Whiting Petroleum Corporation is an independent energy company engaged in the exploration, development and production of crude oil and natural gas properties in the United States. With majority of its output coming from Bakken play, it holds one of the largest acreage positions in the region. Notably, output growth witnessed a surge in the third-largest U.

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