|Bid||32.04 x 800|
|Ask||32.06 x 900|
|Day's Range||31.42 - 33.66|
|52 Week Range||21.38 - 56.47|
|Beta (3Y Monthly)||4.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.07|
NEW YORK, Nov. 14, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Whiting Petroleum Corporation (WLL) today announced that Michael Stevens, Senior Vice President and CFO, will present at the Bank of America Merrill Lynch Global Energy Conference at the 1 Hotel South Beach in Miami, FL. Mr. Steven’s presentation will begin at 9:00 a.m. Eastern Time on Thursday, November 15, 2018. Mr. Steven’s live presentation may be accessed on the Internet by logging onto the following link: http://www.veracast.com/webcasts/baml/energy2018/id48203334813.cfm.
On October 31–November 7, our list of oil-weighted stocks rose 3.4%—compared to the 5.6% fall in US crude oil December futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. In the previous part, we saw that most of these oil-weighted stocks had higher and positive correlations with the S&P 500 Index (SPY) than oil prices. In the trailing week, the S&P 500 Index (SPY) rose 3.8%.
In the week ending on October 26, US crude oil inventories were 2% above their five-year average—the same as the previous week. Oil prices and the inventories spread usually move inversely, as you can see in the following chart. If the inventories spread expands more into the positive territory, it might drag down oil prices in the coming weeks. The inventories spread is the difference between inventories and their five-year average.
On November 5, US crude oil December futures closed ~$0.55 below the December 2019 futures. On October 29, the futures spread was at a discount of ~$0.01. On October 29–November 5, US crude oil December futures fell 5.9%.
On October 26–November 2, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 7.1% and 6.4%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 13.9%. These ETFs track US crude oil futures.
On October 26–November 2, US crude oil December futures fell 6.6% and closed at $63.14 per barrel on November 2—the lowest closing level for active US crude oil futures since April 6. Last week, US crude oil prices recorded the second-biggest weekly decline in 2018.
With pipeline issues holding drillers in the Permian down, it enabled those focused on the Bakken Shale to shine.
On October 24–31, our list of oil-weighted stocks fell 1.5%—compared to the 2.3% fall in US crude oil December futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. In the previous part, we saw that these oil-weighted stocks had higher and positive correlations with the S&P 500 Index (SPY) than oil prices. In the trailing week, the S&P 500 Index rose 2.1%.
Investors like what they saw in Whiting Petroleum’s third-quarter earnings Wednesday. “We are delivering,” CEO Brad Holly said. The company plans to use its improved financial position to buy down its $2.8 billion in debt, getting closer to its state goal of $2 billion owed on long-term debt, said Michael Stevens, senior vice president and CFO.
U.S. oil producer Whiting Petroleum posted profit on Tuesday that easily topped analysts' third quarter forecasts, as higher domestic oil prices and production growth boosted results. Whiting's third quarter production averaged 128,680 barrels of oil equivalent per day, up 13 percent from a year ago. Oil prices have jumped about 44 percent in the past year, prompting a surge in activity as producers are able to fetch a higher price for their crude.
On a per-share basis, the Denver-based company said it had net income of $1.32. Earnings, adjusted for non-recurring gains, were 92 cents per share. The results beat Wall Street expectations. The average ...
DENVER-- -- Q3 2018 Net Cash Provided by Operating Activities of $264 Million Exceeded Capital Expenditures by $56 Million; Q3 2018 Discretionary Cash Flow Exceeded Capital Expenditures by $90 Million Q3 2018 Diluted Earnings per Share of $1.32 and Adjusted Earnings per Share of $0.92 Q3 2018 Production Averaged 128,680 BOE/d, a 13% Increase Year-over-Year and a 2% Increase over Second Quarter 2018 ...
On October 29, US crude oil December 2018 futures closed ~$0.01 below the December 2019 futures. On October 22, the futures spread was at a premium of ~$0.60. Between October 22 and October 29, US crude oil December futures fell 3.3%. In fact, in that period, the futures spread shifted from a premium to a small discount.
The nation’s largest 3,000 public companies suffered a net loss of $2.1 trillion between Sept. 30 and Oct. 24, according to a Business Journals analysis of Bloomberg data.
Whiting (WLL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
So far in this series, we’ve looked into the cash flow from operations growth expectations for six upstream companies: Hess Corporation (HES), Penn Virginia (PVAC), Centennial Resource Development (CDEV), WPX Energy (WPX), ConocoPhillips (COP), and Whiting Petroleum (WLL).
The Zacks Analyst Blog Highlights: Energy Transfer, Phillips 66, Whiting Petroleum and Continental Resources
Whiting Petroleum (WLL), a Williston Basin–focused exploration and production company, is in sixth place in terms of cash flow from operations growth. WLL is expected to post 188.3% YoY (year-over-year) cash flow from operations growth in the third quarter. This impressive growth is expected to be driven by strong production and higher average realized sales prices.
North Dakota's daily crude production in August broke the previous all-time high set in July, while natural gas output and producing wells also hit records.
Whiting Petroleum (WLL) saw a rating update and three target price revisions in the week that ended on October 12. Capital One Securities downgraded WLL to an “equal-weight,” which is equivalent to a “hold,” from an “overweight,” which is equivalent to a “buy.” The stock’s target price revisions in the week included the following: BMO Capital Markets: to $60 from $55 Morgan Stanley: to $67 from $68 Raymond James: to $65 from $67