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2018’s Best-Performing Oil and Gas Production Stock

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Whiting Petroleum: The top performer in 2018 so far

In 2018 so far, Whiting Petroleum (WLL) is turning out to be the best-performing energy stock from the US oil and gas production, or upstream, sector. Year-to-date in 2018, WLL increased from its 2017 close of $26.48 to $30.40—a big increase of ~15%.

Whiting Petroleum is outperforming the Energy Select Sector SPDR Fund (XLE)—which represents an index of stocks across the energy sector. In 2018, XLE is down ~5%. Whiting Petroleum is even outperforming the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)—which represents an index of stocks across the energy industry. XOP has ~79.3% exposure to the oil and gas exploration and production industry. XOP is down ~6% in 2018 so far.

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Whiting Petroleum’s revenues and earnings

In 2017, Whiting Petroleum reported revenues of ~$1.48 billion, which is ~15% higher than the 2016 revenues of ~$1.29 billion. In 2017, WLL reduced its losses by ~79% to about -$118 million from around -$549 million in 2016. On per share basis, Whiting Petroleum reported adjusted loss of -$1.32 per share in 2017 from -$8.72 per share in 2016.

Next, we’ll compare 2018 returns of W&T Offshore (WTI) with various energy ETFs (exchange traded funds) and energy commodities and will also analyze fundamental metrics.

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