Whiting Petroleum Corporation (WLL): Be Fearful When Others Are Greedy

Considering all key technical indicators, a 32% Buy signal has occurred for Whiting Petroleum Corporation (NYSE:WLL). The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the WLL’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 3631445 shares. WLL stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 4775582 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $29.19. Below this, the next support is placed in the zone of $28.51. Till the time, the WLL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 60.75 on daily chart, which may remain a cause for concern. If the price breaks below $28.51 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $30.32 mark may result into a pull-back move towards $30.78 level.

Whiting Petroleum Corporation (WLL) is projected to climb by 36.63 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $60 price as 12-month high target. This represents a whopping 100.87 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $37, which represents a return potential of 23.87 percent when compared to the closing price of the stock of $29.87 on Wednesday, February 20. The lowest price target for the stock is $20 — slightly more than -33.04 percent from WLL’s current share price.

Here’s a rundown of insider trading activity for sense of Whiting Petroleum Corporation (NYSE:WLL). The earliest insider trade took place on 11/07/2018. Hahne William N parted with a total of 2.3 thousand shares of company at average share price of $36.85. The total for the sales was set at $84.76 thousand. After this transaction, the Director account balance stood at 20.91 thousand shares. The stock lost -18.94 percent since that insider sale. On 10/01/2018, Stevens Michael J, SVP and CFO, sold 12.48 thousand shares at a price per share of $55.04. This removed 686.68 thousand shares from the insider’s fortune and the stock saw a -45.73 percent retreat in value since the news became public. This transaction left 84.1 thousand shares in the SVP and CFO account. On 10/01/2018, Senior Vice President Ross Rick A Mr. performed a sale transaction worth $114.37 thousand. This sale at $55.01 each has eliminated 2.08 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -45.7 percent decrease since the transaction was reported. The insider now is left with 71.46 thousand shares remaining in the account. Catlin James E, who performs the Director job, sold 8.63 thousand shares for $435.61 thousand. The disposal occurred on 09/06/2018 was priced at $50.5 per share. The share price plunged -40.85 percent since the reporting date. Catlin James E now left with a stake of 72.41 thousand WLL stock worth $2.16 million after the insider selling.

WLL shares accumulated 0.58 points or 1.98 percent on Wednesday to $29.87 with a light trade volume of 3.229 million shares. After opening the session at $29.33, the shares went as high as $30.095 and as low as $28.96, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $2.72 billion and now has 90.97 million shares outstanding. Whiting Petroleum Corporation (WLL) stock has gained 0.2 percent of market value in 21 trading days.

Analysts at KeyBanc Capital Markets, assumed coverage of Whiting Petroleum Corporation (NYSE:WLL) with Overweight recommendation, according to their opinion released on February 12.

WLL stock has a trailing 3-year beta of 3.04, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$6.44 a share in the trailing twelve months. The stock’s value has surged 31.64 percent year to date (YTD) against a rise of 28.03 percent in 12 month’s time. The company’s shares still trade -47.1 percent away from its 1-year high of $56.47 and 62.6 percent up from 52-week low of $18.37. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Whiting Petroleum Corporation (WLL) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry WLL operates in has an average P/E of 9.55. Its P/E ratio went as low as 20.22X and as high as 62.39 over the 5-year span. Further, it is sporting a 1.3 on the Price-to-Sales ratio. Compare this with the industry average P/S of 74.42. 80.6 percent is the gross profit margin for Whiting Petroleum Corporation and operating margin sits at -30.2 percent. Along with this, the net profit margin is -31.7 percent.

WLL will be declaring its Q4 financial results on February 26. Analysts are forecasting revenue to climb 4.7 percent to $497M in the next fiscal quarter, while earnings are seen soaring by nearly -411.76 percent to $0.53 per share. History has shown that shares in Whiting Petroleum Corporation have gone down on 19 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.92 per share, better than the $0.58, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $567M, better than the $521M analysts expected. Earnings are estimated to increase by 39.8 percent this year, -55.83 percent next year and continue to increase by 0 percent annually for the next 5 years.