X
<

Price Movement Analysis: What’s Up with Whiting Petroleum Stock?

PART:
1 2 3 4
Price Movement Analysis: What’s Up with Whiting Petroleum Stock? PART 1 OF 4

What’s Up with Whiting Petroleum Stock?

Whiting Petroleum stock

Whiting Petroleum (WLL) stock showed slight improvement but remained low last week. The stock has returned -32% YTD (year-to-date). It’s underperformed the Energy Select Sector SPDR ETF (XLE), which has returned -12% YTD, while the broader market S&P 500 ETF (SPY) (SPX-INDEX) has returned ~6.3% YTD. The energy sector makes up 7% of SPY.

WLL has also underperformed crude oil prices (UCO) (USO) (DBO), which have returned ~-12% YTD.

What’s Up with Whiting Petroleum Stock?

Interested in WLL? Don't miss the next report.

Receive e-mail alerts for new research on WLL

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

What’s driving WLL?

WLL stock took a beating after crude oil prices fell to extremely low levels earlier this year. Oil prices fell due to global supply glut concerns.

Whiting Petroleum stock also saw bearish trends due to its planned ~96% increase in 2017 capital expenditure compared to 2016. The company’s production expectations haven’t risen with its increased capex.

Recent trends

Recently, WLL stock has been showing an uptrend. This positive movement could be the result of its upbeat 1Q17 earnings. The company reported its 1Q17 earnings after the market closed on April 26, 2017. Whiting’s 1Q17 revenue came in at ~$371.3 million, compared to the estimate of ~$366 million.

Whiting Petroleum reported 1Q17 adjusted EPS (earnings per share) of -$0.15, compared to Wall Street analysts’ consensus estimate of ~-$0.20. To learn more, read Whiting’s 1Q17 Earnings: Your Key Takeaways.

X

Please select a profession that best describes you: