Analyst Research

Whiting Petroleum Corp (NYSE:WLL) Has 136 Percent Upside Potential

Whiting Petroleum Corp (NYSE:WLL) shares traded -0.12% during the most recent session the stock exchanged hands 13,804,900 shares versus average trading capacity of 14.12M shares, yielding a market cap of $2.96B. Wall Street analysts covering the stock are projecting that the stock will reach $13.36 within the next 52-weeks. The mean target projections are based on 35 opinions, the mean target was last revised on 04/21/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Whiting Petroleum Corp (NYSE:WLL) high price target of $19.00 and with a conservative view have low price target of $8.00 with a standard deviation of $2.97. If seeing target price from optimistic overview then it has a 136 percent upside potential from the latest closing price of $8.06.

Whiting Petroleum Corp (NYSE:WLL) received “Downgrade” rating by UBS in a research note issued to investors on Mar-23-17 from Neutral to Sell from $12 to $8.

Additionally on Dec-21-16 Whiting Petroleum Corp (NYSE:WLL) was “Initiated” by R. F. Lafferty as Buy at $23 and on Dec-01-16 the stock was “Upgraded” by Stifel from Hold to Buy from $8 to $15. Furthermore on Nov-25-16 the stock was “Reiterated” by RBC Capital Mkts as Sector Perform from $10 to $12.

On the other hand the company has Relative Strength Index (RSI 14) of 34.10 along with Average True Range (ATR 14) of 0.44, Consequently Whiting Petroleum Corp (NYSE:WLL)’s weekly and monthly volatility is 4.63%, 5.33% respectively. The company’s beta value is at 3.28.

In terms of Buy, Sell or Hold recommendations, Whiting Petroleum Corp (NYSE:WLL) has an analyst’s mean recommendation of 2.50. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Whiting Petroleum Corp (NYSE:WLL) will report earnings of $-0.21 for the current quarter on or around 4/26/2017 After Market Close, however the company’s high EPS estimates are $-0.11 and low estimates are $-0.26. However the company reported $-0.85 earnings per share for the same quarter during last year.

Previously Whiting Petroleum Corp (NYSE:WLL) reported -$0.28 earnings per share (EPS) for the quarter on 2/21/2017 After Market Close, beating the consensus estimate of -$0.33 by $0.05. The company posted an earnings surprise of 15.15%.

While considering growth estimates of the company, it has next quarter growth estimates of 72.90% whereas during current quarter it has 75.30% estimations over growth, comparing to the estimations of 68.30% during current year and 37.70% for next year. Past 5 years growth of Whiting Petroleum Corp (NYSE:WLL) observed at -32.34%, looking forward for the next 5 years it has a strong prediction of 5.00% over growth.

Whiting Petroleum Corp (NYSE:WLL)’s revenue estimates for the current quarter are $363.26M according to 25 number of analysts, for the current quarter the company has high revenue estimates of $402M in contradiction of low revenue estimates of $344.69M. For the current year the company’s revenue estimates are $1.68B compared to low analyst estimates of $1.5B and high estimates of $1.86B according 28 number of analysts.

Currently Whiting Petroleum Corp (NYSE:WLL)’s shares owned by insiders are 0.60%, whereas shares owned by institutional owners are 83.60%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 0.93%.

Whiting Petroleum Corp (NYSE:WLL) is trading -44.18% away from its 52 week high of $14.44 and +26.33% far from the stock’s low point over the past 52 weeks, which was $6.38. The stock hit its 52-week high on 06/08/16, and 52-week low on 08/01/16. The company’s trailing twelve month income is -1339.10M dollars.

Whiting Petroleum Corp (NYSE:WLL)’s trailing twelve month revenues are $1.29B, whereas its price to sales ratio for the same period is 2.33. Its book value per share for the most recent quarter is $17.36 while its price to book ratio for the same period is 0.46, as for as the company’s cash per share for the most recent quarter is $0.15, however its price to cash per share ratio for the same period is 53.51. The stock has a current PEG ratio of -2.34 where as its trailing twelve month P/E ratio is -1.52.

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