Business

Whiting Petroleum Corp (NYSE:WLL): A Change on Price Targets

Whiting Petroleum Corp (NYSE:WLL) shares traded -2.81% during the most recent session the stock exchanged hands 19.90M shares versus average trading capacity of 15.42M shares, yielding a market cap of $3.10B. Wall Street analysts covering the stock are projecting that the stock will reach $12.98 within the next 52-weeks. The mean target projections are based on 35 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Whiting Petroleum Corp (NYSE:WLL) high price target of $18.00 and with a conservative view have low price target of $8.00 with a standard deviation of $3.02. If seeing target price from optimistic overview then it has a 117 percent upside potential from the latest closing price of $8.30.

Whiting Petroleum Corp (NYSE:WLL) received “Reiterated” rating by R. F. Lafferty in a research note issued to investors on Apr-27-17 as Buy from $14 to $15.

Additionally on Mar-23-17 Whiting Petroleum Corp (NYSE:WLL) was “Downgraded” by UBS from Neutral to Sell from $12 to $8 and on Dec-21-16 the stock was “Initiated” by R. F. Lafferty as Buy at $23. Furthermore on Dec-01-16 the stock was “Upgrade” by Stifel from Hold to Buy from $8 to $15.

On the other hand the company has Relative Strength Index (RSI 14) of 40.25 along with Average True Range (ATR 14) of 0.48, Consequently Whiting Petroleum Corp (NYSE:WLL) weekly and monthly volatility is 6.00%, 5.54% 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 analysts’ 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 -$0.18 for the current quarter, however the company’s high EPS estimates are -$0.12 and low estimates are -$0.25. However the company reported -$0.7 earnings per share for the same quarter during last year.

Previously Whiting Petroleum Corp (NYSE:WLL) reported -$0.15 earnings per share (EPS) for the quarter on 4/26/2017 After Market Close, beating the consensus estimate of -$0.22 by $0.07. The company posted an earnings surprise of 31.82%.

While considering growth estimates of the company, it has next quarter growth estimates of 70.20% whereas during current quarter it has 74.30% estimations over growth, comparing to the estimations of 72.20% during current year and 40.00% for next year. Past 5 years growth of Whiting Petroleum Corp (NYSE:WLL) observed at -16.89%, looking forward for the next 5 years it has a strong prediction of 5.00% over growth.

Whiting Petroleum Corp (NYSE:WLL) revenue estimates for the current quarter are $385.44M according to 25 number of analysts, for the current quarter the company has high revenue estimates of $423.6M in contradiction of low revenue estimates of $345.7M. For the current year the company’s revenue estimates are $1.68B compared to low analyst estimates of $1.52B and high estimates of $1.86B according 28 number of analysts.

Currently Whiting Petroleum Corp (NYSE:WLL) 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) trading -42.52% away from its 52 week high of $14.44 and +30.09% 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) trailing twelve month revenues are $1.29B, whereas its price to sales ratio for the same period is 2.40. Its book value per share for the most recent quarter is $17.36 while its price to book ratio for the same period is 0.48, 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 55.10. The stock has a current PEG ratio of -2.63 where as its trailing twelve month P/E ratio is -1.56.

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