45.50 -0.25 (-0.55%)
After hours: 7:54PM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 1800|
|Day's Range||45.21 - 46.34|
|52 Week Range||15.88 - 56.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.16|
Scott Black (Trades, Portfolio), chief investment officer and chief compliance officer of Delphi Management Inc., disclosed on Monday that his top five buys for the second quarter were JPMorgan Chase & Co. (JPM), Principal Financial Group Inc. (PFG), Equinor ASA (EQNR), Whiting Petroleum Corp. (WLL) and Knoll Inc. (KNL). Warning! GuruFocus has detected 7 Warning Signs with PCG.
The 170,000 signatures activists said they submitted appeared to surprise some investors and sent some stocks tumbling.
On August 1–8, our list of oil-weighted stocks fell 0.7%, while US crude oil September futures fell 1.1%. On average, our list of oil-weighted stocks outperformed US crude oil prices.
On August 8, US crude oil September futures fell 3.2% and closed at $66.94 per barrel—the lowest closing level for active US crude oil futures since June 21. Rising trade disputes between the US and China could be behind the fall in oil prices. In the last trading session, the S&P 500 Index was unchanged, while the Dow Jones Industrial Average Index fell 0.2%.
According to the EIA’s (U.S. Energy Information Administration) report on August 1, US crude oil inventories rose by ~3.8 MMbbls (million barrels) to ~408.7 MMbbls in the week ending on July 27. The market expected a fall of 2.8 MMbbls, according to Reuters. US crude oil September futures fell 1.6% on August 1.
Yesterday, US crude oil’s implied volatility was 23.4%, ~3.3% below its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 163.1%. Crude oil’s implied volatility has fallen ~68.9% since February 11, 2016.
Between July 25 and August 1, our list of oil-weighted stocks fell 3.8%, while US crude oil September futures fell 2.4%. In fact, all the oil-weighted stocks on our list closed in the red.
Whiting Petroleum Corp. (NYSE: WLL) won’t sell it’s Colorado oil and gas properties after all, saying would-be buyers didn’t offer enough to give up the high-yield wells. The Denver-based company signaled this spring that it wanted out of the Denver-Julesburg Basin, in part, because operating in Colorado had grown too hard. Whiting put its Denver-Julesburg wells and undeveloped assets on the market during the second quarter.
Devon Energy Corp (DVN.N) shares were down 2.7 percent at $43.78, Chesapeake Energy Corp (CHK.N) was down 6.6 percent at $4.41 and Anadarko Petroleum Corp (APC.N) was down 5.2 percent at $69.34 on Wednesday afternoon after they reported earnings per share below analyst expectations. U.S. shale production has surged in the last two years, buoying overall U.S. oil output to a record of about 11 million barrels per day. Oil producers use hedges as an insurance contract to lock in a future selling price for production.
Whiting Petroleum Corp expects natural gas pipeline takeaway capacity in the Bakken shale in North Dakota to tighten by early 2019 and will expand a gas plant there, executives told investors on Wednesday. ...
NEW YORK, NY / ACCESSWIRE / August 1, 2018 / Whiting Petroleum Corporation (NYSE: WLL ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 1, 2018 at 11:00 AM Eastern ...
Roster of private company presenters and panels adds extra flavor to popular Denver-based annual oil and gas investment conference DENVER , Aug. 1, 2018 /PRNewswire/ -- Regardless of whether your area ...
Whiting Petroleum (WLL) released its second-quarter earnings on July 31 after the markets closed. In the second quarter of 2017, Whiting Petroleum reported revenues of ~$311.51 million. Whiting Petroleum’s production in the second quarter was 126.61 Mboe/d (thousand barrels of oil equivalent per day)—compared to 115 Mboe/d reported in the second quarter of 2017.
Whiting (WLL) delivered earnings and revenue surprises of 0.00% and 5.03%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Whiting Petroleum Corp on Tuesday reported a second-quarter adjusted profit that missed Wall Street expectations despite higher oil prices and production. U.S. shale operators have increased output across ...
The Denver-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 62 cents per share. The results met Wall Street expectations. The average estimate ...
DENVER-- -- Q2 2018 Average Production of 126,180 BOE/d at High End of Guidance Q2 2018 Net Cash Provided by Operating Activities of $310 Million Exceeded Capital Expenditures by $107 Million Q2 2018 Diluted Earnings per Share of $0.02 and Adjusted Earnings per Share of $0.62 Lease Operating Expense per BOE below Low End of Guidance Bolt-On Acquisition Adds 55,000 Net Acres and 1,300 BOE/d for $130 ...
Previously, we discussed Hess’s (HES) second-quarter revenue and earnings. In the second quarter, Hess’s production volumes rose YoY (year-over-year) to 237 Mboepd1 from 247 Mboepd, and sequentially from 233 Mboepd. Hess’s production was boosted by its Bakken volumes rising 6% YoY and 2.7% sequentially thanks to ongoing drilling activity and improved well performance.
Will Continental Resources Report Another Earnings Beat? Continental Resources (CLR) released the preliminary estimate for its second-quarter production on July 24. In 2018, Continental Resources’ production is expected to range between 285 Mboepd and 300 Mboepd.
Between July 18 and July 25, our list of oil-weighted stocks rose 2%, while US crude oil September futures rose 2.3%. Below are the oil-weighted stocks that have seen the largest increases in the last five trading sessions: EOG Resources (EOG) rose 3.9%. Oasis Petroleum (OAS) rose 3.7%. Pioneer Natural Resources Company (PXD) rose 3.5%.