Whiting Petroleum Corporation (NYSE:WLL) does about 11.76M shares in volume on a normal day but saw 5801383 shares change hands in Monday trading. The company now has a market cap of 73.29M USD and an enterprise value of about $497.16M. Its current market price is $0.80, marking a decrease of -4.81% compared to the previous close of $0.84. The 52 week high reached by this stock is $11.85 whilst the lowest price level in 52 weeks is $0.25. The script in recent trading has seen the stock touch a high of $0.8117 and a low of $0.75.
Whiting Petroleum Corporation (WLL) has a 20-day trading average at $0.9254 and the current price is -93.25% off the 52-week high compared with 219.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0078 and its 200-day simple moving average is $2.5364. If we look at the stock’s price movements over the week, volatility stands at 6.84%, which increases to 12.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.68 to suggest the stock is neutral.
4 analysts observing the Whiting Petroleum Corporation (WLL) stock have set the 12-month price targets for the company’s shares at between $0.20 and $0.60. The median price target is -100.0% away from the current levels at $0.40.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 31, 2020 when Stifel downgraded the stock to “Sell” and issued a price target of . JP Morgan also downgraded the stock to “Underweight” from Neutral on March 25, 2020 at a price target of .
The current price level is -13.47%, -21.81%, and -68.83% away from its SMA20, SMA50, and SMA200 respectively, with the WLL price moving above the 50-day SMA on August 31. Whiting Petroleum Corporation (WLL) stock is down -12.14% over the week and 2.50% over the past month. Its price is -89.11% year-to-date and -87.94% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$1.16 above consensus estimates by $0.18. The company’s next earnings report is expected on 07/29/2020, with forecasts estimating quarterly EPS at -$0.98 and -$4.24 for whole year. WLL’s earnings per share are forecast to shrink by -393.00% this year and 69.30% over next year. Expected sales for next quarter are $179.8 million, which analysts say will come at $704.74 million for the current fiscal year and next year at $836.28 million. In addition, estimates put the company’s current quarterly revenue at an average of $164.7 million.
Its 12-month price target is $0.40. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.20, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.60.
Outstanding shares total 91.43M with insiders holding 0.71% of the shares and institutional holders owning 104.46% of the company’s common stock. The company has a return on investment of -0.80% and return on equity of -207.80%. The beta has a value of 4.21. Price to sales ratio is 0.07.
According to a U.S. Securities and Exchange Commission filing, Fidelity Low Priced Stock Fund has reduced its position in Whiting Petroleum Corporation (WLL) to 4,995,075 shares, mirroring a recent drop by -24.32%. Fidelity Low Priced Stock Fund dumped -1.61 million shares of Whiting Petroleum Corporation common stock bringing its total worth to about $3.9 million at the end of recent close, SEC documents show. Fidelity Low Priced Stock Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 0.0 shares to end up with 2,658,815 shares worth $2.07 million.