Published: Mon, March 20, 2017
Economy | By Annette Adams

Smart Money Buying the Price Weakness of Whiting Petroleum Corporation (WLL)

Wells Fargo & Co downgraded shares of Whiting Petroleum Corp from an "outperform" rating to a "market perform" rating in a research note on Friday, December 16th.

If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 42 and average price target of 32.71. Analyst's mean target price for MDR is $8.51 while analysts mean recommendation is 2.50.

Whiting Petroleum Corp Last issued its quarterly earnings results on Feb 21, 2017. They now have a United States dollars 23 price target on the stock. They now have a Dollars 18 price target on the stock.

Shares in Whiting Petroleum Corp (NYSE:WLL) declined -2.12%, trading current session at $9.28 with a total trading volume of 6.14 million shares. The current share price indicate that stock is -35.73% away from its one year high and is moving 45.45% ahead of its 52-week low. Finally comes the ratings part in which the CF was evaluated with 6 analysts of WSJ going for Buy ratings in previous quarter, while at present 4 analysts gave Buy ratings from whole pool.

The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Bienville Capital Management LLC increased its stake in shares of Whiting Petroleum Corp by 1.0% in the fourth quarter.

The next year first quarter EPS estimates trend for current period shows $-0.19 while one month ago this estimate trend was for $-0.22. These analysts have also projected a Low Estimate of $-0.25/share and a High Estimate of $-0.12/share. According to their observations and findings, the stock could provide a high EPS of $-0.03/share and a Low EPS of $-0.27/share. The difference between Actual EPS and Estimated EPS was 0.04 Percent. The company has a market cap of $26,811 million and the number of outstanding shares has been calculated to be 527,875,060 shares.

Whiting Petroleum Corporation (NYSE:WLL) keeps its position active in context of investors' investment valuation, price per shares jumped down -3.77% to $8.94 with volume of 24.72 Million. Post opening the session at $9.5, the shares hit an intraday low of $9.25 and an intraday high of $9.53 and the price was in this range throughout the day. Current price places the company's stock -3.48% away from its 200-day simple moving average, -16.12%, away from the 50-day average and also -10.13% away from 20-day average. The stock is now trading -17.52% below its SMA 50 and -5.40% below its SMA 200.

Whiting Petroleum Corp. (WLL) is now showing its ROA (Return on Assets) of -12.8%. The Return on Assets stands at -12.8%, Return on Equity shows -28.1% and Return on Investment value is -9%. Out of the pool of analysts 14 gave their BUY ratings on the stock in previous month as 14 analysts having BUY in current month. During the twelve month it added 9.94% and year to date performance of -22.71%.

11/22/2016 - Whiting Petroleum Corporation had its "neutral" rating reiterated by analysts at UBS. In the last Quarter, WLL reported a surprise Earnings per Share of 15.15%. The Insider Ownership of the company now is 0.6 percent, and Institutional Ownership is 84.2 percent. Whiting Petroleum Corp. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0.

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