Today’s big question for investors is, “what’s going on with Whiting Petroleum Corporation (NYSE:WLL) stock? Its price is nose-diving -0.06 points, trading at $2.82 levels, and is down -2.08% from its previous close of $2.88. The shares seem to have an active trading volume day with a reported 5314820 contracts so far this session. WLL shares had a relatively better volume day versus average trading capacity of 10.04 million shares, but with a 90.44 million float and a -33.94% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for WLL stock indicates that the average analyst price target is $11.73 per share. This means the stock has a potential increase of 315.96% from where the WLL share price has been trading recently.
During the recent trading session for Whiting Petroleum Corporation (NYSE:WLL), the company witnessed their stock drop by $-1.25 over a week and tumble down $-3.05 from the price 20 days ago. When compared to their established 52-week high of $30.94, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 12/04/19. The recent low of $1.81 stood for a -90.89% since 12/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 3.33 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Whiting Petroleum Corporation, the two-week RSI stands at 23.32. This figure suggests that WLL stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current WLL readings is similarly very revealing as it has a stochastic reading of 33.49% at this stage. This figure means that WLL share price today is being neutral.
Technical chart claims that Whiting Petroleum Corporation (WLL) would settle between $3.12/share to $3.37/share level. However, if the stock price goes below the $2.69 mark, then the market for Whiting Petroleum Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $2.51 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.83. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Tudor Pickering lowered their recommendation on shares of WLL from Hold to Sell in their opinion released on February 05. CapitalOne analysts have lowered their rating of Whiting Petroleum Corporation (NYSE:WLL) stock from Overweight to Equal Weight in a separate flash note issued to investors on January 10. Analysts at Wells Fargo lowered the stock to a Underweight call from its previous Equal Weight recommendation, in a research note that dated back to January 09.
WLL equity has an average rating of 2.72, with the figure leaning towards a bullish end. 26 analysts who tracked the company were contacted by Reuters. Amongst them, 18 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 6 analysts rated Whiting Petroleum Corporation (NYSE:WLL) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, WLL stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 2.4 while for the average stock in the same group, the multiple is 14.3. Whiting Petroleum Corporation current P/B ratio of 0.1 means it is trading at a discount against its industry’s 1.2.
Whiting Petroleum Corporation (WLL)’s current-quarter revenues are projected to climb by nearly -20.9% to hit $374170, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -24.6% from $2.08 billion to a noteworthy $1.57 billion. At the other end of the current quarter income statement, Whiting Petroleum Corporation is expected to see its adjusted earnings surge by roughly -660% to hit $-0.38 per share. For the fiscal year, WLL’s earnings are projected to climb by roughly -150% to hit $-1.09 per share.