Whiting Petroleum: What Are Analysts’ Recommendations?
Approximately 20.6% of analysts have rated Whiting a “buy,” while 53% rate it a “hold.” The average broker target price of $9.45 for Whiting implies a return of ~81% over…
Whiting Petroleum’s (WLL) current implied volatility is ~78%, which is ~3.4% lower than its 15-day average of 80.5%. WLL’s implied volatility fell significantly, but has been increasing again. However, it…
Whiting Petroleum’s (WLL) stock dropped 4.2% in pre-market trading on July 27, 2017, after the company announced its 2Q17 earnings on July 26. WLL has been one of the worst…
In 2Q17, Whiting Petroleum’s (WLL) total production volume was ~112.7 Mboepd (thousand barrels of oil equivalent per day). In comparison, its 2Q16 production volume was 134.2 Mboepd, and its 1Q17 production…
On July 26, after the market closed, Whiting Petroleum (WLL) reported its 2Q17 earnings.
On July 26, 2017, natural gas September 2018 futures were just $0.06 below the September 2017 futures. On July 19, 2017, the spread was at $0.15.
In the week ending July 14, 2017, natural gas inventories rose by 28 Bcf to 2,973 Bcf. The market expected a rise of 39 Bcf for the week ending July 14.
In the week ending July 21, 2017, the natural gas rig count fell by one and was at 186. The natural gas rig count has risen more than 2x since last year.
On July 26, 2017, natural gas September futures fell 0.6% and closed at $2.91 per MMBtu. On July 19–26, 2017, natural gas September futures fell 4.6%.
The EIA reported that US distillate inventories fell by 1.9 MMbbls (million barrels) to 149.5 MMbbls on July 14–21, 2017.
A better-than-expected fall in gasoline inventories supported gasoline futures on July 26, 2017. Prices rose 1.3% to $1.61 per gallon on July 26, 2017.
The EIA reported that US crude oil production fell by 19,000 bpd (barrels per day) to 9,410,000 bpd on July 14–21, 2017.
The EIA reported that US crude oil inventories fell by 7.2 MMbbls to 483.4 MMbbls on July 14–21, 2017. Inventories fell below the five-year range.
WTI (West Texas Intermediate) crude oil futures contracts for September delivery rose 1.8% to $48.75 per barrel on July 26, 2017.
At 7:30 AM EST on July 27, West Texas Intermediate crude oil futures contracts for September 2017 delivery were trading at $48.48 per barrel.
As of July 25, 2017, 64.7% of the analysts covering Devon Energy (DVN) have given the stock a “strong buy” or “buy” recommendation.
As of July 25, 2017, Devon Energy (DVN) had an implied volatility of ~33.6%, which is lower than its implied volatility of ~33.9% on May 18, 2017.
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
Devon Energy (DVN) announced its 1Q17 earnings on May 2, 2017. Revenues of $3.6 billion were higher than the Wall Street analyst consensus of $2.9 billion.
In the last four quarters, Devon Energy (DVN) hasn’t missed the consensus EPS (earnings per share) estimate. It beat the estimate in 2Q16 with the highest margin.