Whiting Petroleum Corp (WLL) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Whiting Petroleum Corp (WLL) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Whiting Petroleum Corp is a oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids in the Rocky Mountain, Permian Basin, Mid-Continent, Gulf Coast and Michigan regions of the United States. Whiting Petroleum Corp has a market cap of $2.28 billion; its shares were traded at around $25.01 with a P/E ratio of 6.72 and P/S ratio of 1.10.


For the last quarter Whiting Petroleum Corp reported a revenue of $473.2 million, compared with the revenue of $474.4 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.1 billion, an increase of 40.5% from last year. For the last five years Whiting Petroleum Corp had an average revenue decline of 10.5% a year.

The reported diluted earnings per share was $3.73 for the year, compared with the loss per share of $2.12 in the previous year. The Whiting Petroleum Corp enjoyed an operating margin of 28.3%, compared with the operating margin of -67.86% a year before. The 10-year historical median operating margin of Whiting Petroleum Corp is 19.15%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Whiting Petroleum Corp has the cash and cash equivalents of $13.6 million, compared with $879.4 million in the previous year. The long term debt was $2.8 billion, compared with $2.8 billion in the previous year. The interest coverage to the debt is 3, which is not a favorable level. Whiting Petroleum Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $25.01, Whiting Petroleum Corp is traded at 55% discount to its historical median P/S valuation band of $55.57. The P/S ratio of the stock is 1.10, while the historical median P/S ratio is 2.44. The stock lost 11.03% during the past 12 months.

For the complete 20-year historical financial data of WLL, click here.

This article first appeared on GuruFocus.


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