What’s Whiting Petroleum Corporation (WLL) Upside After Reaching 52-Week High?

April 16, 2018 - By Linda Rogers

Whiting Petroleum Corporation (NYSE:WLL) Logo

Investors sentiment decreased to 0 in Q4 2017. Its down 0.94, from 0.94 in 2017Q3. It fall, as 199 investors sold Whiting Petroleum Corporation shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 5.49 million shares or 98.22% less from 308.92 million shares in 2017Q3 were reported.
Cypress Capital Management Limited Company (Wy) owns 22,100 shares. Fine Capital Ptnrs Lp reported 5.46 million shares. Macquarie Grp Incorporated Limited stated it has 3,725 shares. 7,685 were reported by Texan Capital Management.

Since March 1, 2018, it had 0 insider buys, and 1 insider sale for $29,412 activity.

The stock of Whiting Petroleum Corporation (NYSE:WLL) hit a new 52-week high and has $40.80 target or 6.00 % above today’s $38.49 share price. The 6 months bullish chart indicates low risk for the $3.50 billion company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $40.80 price target is reached, the company will be worth $210.24 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.35% or $0.14 during the last trading session, reaching $38.49. About 1.13 million shares traded. Whiting Petroleum Corporation (NYSE:WLL) has declined 0.96% since April 16, 2017 and is downtrending. It has underperformed by 12.51% the S&P500.

Analysts await Whiting Petroleum Corporation (NYSE:WLL) to report earnings on April, 25. They expect $0.13 earnings per share, up 121.67 % or $0.73 from last year’s $-0.6 per share. WLL’s profit will be $11.83M for 74.02 P/E if the $0.13 EPS becomes a reality. After $-0.17 actual earnings per share reported by Whiting Petroleum Corporation for the previous quarter, Wall Street now forecasts -176.47 % EPS growth.

Whiting Petroleum Corporation (NYSE:WLL) Ratings Coverage

Among 23 analysts covering Whiting Petroleum (NYSE:WLL), 10 have Buy rating, 1 Sell and 12 Hold. Therefore 43% are positive. Whiting Petroleum had 40 analyst reports since October 18, 2017 according to SRatingsIntel. As per Thursday, April 12, the company rating was maintained by Ladenburg. The company was maintained on Tuesday, April 10 by Citigroup. The company was maintained on Friday, November 10 by Cowen & Co. The stock has “Buy” rating by Deutsche Bank on Wednesday, April 4. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, October 18 report. Jefferies maintained it with “Hold” rating and $29.0 target in Tuesday, January 30 report. The stock has “Buy” rating by SunTrust on Friday, April 6. The firm has “Hold” rating given on Monday, March 5 by Susquehanna. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, October 19. BMO Capital Markets maintained Whiting Petroleum Corporation (NYSE:WLL) rating on Wednesday, April 11. BMO Capital Markets has “Hold” rating and $4000 target.

Whiting Petroleum Corporation, an independent gas and oil company, engages in the development, production, acquisition, and exploration of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company has market cap of $3.50 billion. It sells gas and oil to end users, marketers, and other purchasers. It currently has negative earnings. As of December 31, 2016, the firm had total estimated proved reserves of 615.5 million barrels of oil equivalent; and interests in 1,917 net productive wells on approximately 517,200 net developed acres.

Whiting Petroleum Corporation (NYSE:WLL) Ratings Chart

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