Whiting Petroleum Corporation (NYSE:WLL) has a beta value of 4.39 and has seen 443,157 shares traded in the last trading session. The company, currently valued at $692.15 Million, closed the last trade at $18.19 per share which meant it lost -$0.67 on the day or -3.55% during that session. The WLL stock price is -53.93% off its 52-week high price of $28 and 98.63% above the 52-week low of $0.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 587.44 Million shares traded. The 3-month trading volume is 1.76 Million shares.
The consensus among analysts is that Whiting Petroleum Corporation (WLL) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.25.
Whiting Petroleum Corporation (NYSE:WLL) trade information
Wall Street analysts have a consensus price target for the stock at $31.43, which means that the shares’ value could jump 72.79% from current levels. The projected low price target is $19 while the price target rests at a high of $56. In that case, then, we find that the current price level is +207.86% off the targeted high while a plunge would see the stock lose 4.45% from current levels.
Whiting Petroleum Corporation (WLL) estimates and forecasts
Figures show that Whiting Petroleum Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -58.55% over the past 6 months, compared to -35.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 98.5% and 99.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -54.6%.
4 analysts offering their estimates for the company have set an average revenue estimate of $188.32 Million for the current quarter. 4 have an estimated revenue figure of $186.72 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $380.6 Million and $244.85 Million respectively for this quarter and the next, and analysts expect sales will grow by -50.5% for the current quarter and -23.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.6% over the past 5 years. Earnings growth for 2020 is a modest -170.9%.
Whiting Petroleum Corporation (NYSE:WLL)’s Major holders
Insiders own 0.76% of the company shares, while shares held by institutions stand at 82.14% with a share float percentage of 82.78%. Investors are also buoyed by the number of investors in a company, with Whiting Petroleum Corporation having a total of 192 institutions that hold shares in the company. The top two institutional holders are Loomis Sayles & Company, LP with over 3.52 Million shares worth more than $60.89 Million. As of September 29, 2020, Loomis Sayles & Company, LP held 9.25% of shares outstanding.
The other major institutional holder is Wellington Management Company, LLP, with the holding of over 3.13 Million shares as of September 29, 2020. The firm’s total holdings are worth over $54.03 Million and represent 8.21% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Principal Core Fixed Income Fund and JP Morgan High Yield Bond Fund. As of September 29, 2020, the former fund manager holds about 0.77% shares in the company for having 294723 shares of worth $5.1 Million while later fund manager owns 284.98 Thousand shares of worth $4.93 Million as of September 29, 2020, which makes it owner of about 0.75% of company’s outstanding stock.