49.05 -0.13 (-0.26%)
After hours: 4:52PM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||47.87 - 51.92|
|52 Week Range||15.88 - 56.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.79|
Whiting Petroleum Corporation (WLL) today announced the results of its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior Notes due 2026 (the “New Notes”). Whiting has been advised by The Bank of New York Mellon Trust Company, N.A., the exchange agent for the Exchange Offer, that, as of 5:00 p.m., New York City time, July 16, 2018 (the “Expiration Date”), holders of 99.9607% of the $1,000,000,000 aggregate principal amount of Original Notes (excluding Original Notes tendered by guaranteed delivery) had validly tendered pursuant to the terms of the Exchange Offer.
Around 75.75% of the analysts rated Anadarko Petroleum (APC) as a “buy,” 21.21% rated it as a “hold,” and 3% rated it as “underperform.”
Steep decline in imports, partly due to an outage at Syncrude facility in Canada, led to the massive stockpile draw with the world's biggest oil consumer.
On July 11, US crude oil August futures plunged 5% and closed at $70.38 per barrel, just $0.08 below the lower limit of our price forecast of $70.46 until July 13.
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
As of July 9, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~14.26%. At the same time last year, the short interest ratio for Whiting Petroleum stock was ~5.69%. Short interest in WLL jumped in November last year after the company announced its one-for-four reverse stock split decision.
The current implied volatility in Whiting Petroleum (WLL) is ~55.9%, which is 0.53% lower than its 15-day average of 56.19%. In contrast, the broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~17.86%, 8.3% lower than the 15-day average of ~19.48%.
Whiting Petroleum Corporation (WLL) will release its second quarter 2018 financial and operating results on Tuesday, July 31, 2018 after the market closes. A conference call with investors, analysts and other interested parties is scheduled for 11:00 a.m. ET (10:00 a.m. CT, 9:00 a.m. MT) on Wednesday, August 1, 2018 to discuss Whiting's second quarter 2018 financial and operating results. Participants are encouraged to pre-register for the conference call by clicking on the following link: http://dpregister.com/10122141.
Whiting Petroleum Corporation (WLL) today announced that it has extended its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior Notes due 2026 (“New Notes”). The Exchange Offer, which was initially scheduled to expire on July 5, 2018 at 5:00 p.m., New York City time, has now been extended until July 16, 2018 at 5:00 p.m., New York City time, unless further extended by Whiting. As of the issuance of this press release, Whiting had been notified that holders of approximately 90.65% of the outstanding principal of the Original Notes had tendered their Original Notes in the Exchange Offer.
The current implied volatility in Whiting Petroleum (WLL) is ~56.21%, 4.9% higher than its 15-day average of 53.57%. In contrast, the broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~19.3%, 4% higher than the 15-day average of ~18.5%.
Between June 27 and July 3, our list of oil-weighted stocks rose 1.4%, while US crude oil August futures rose 5.1%.
These Buy-ranked stocks fared better than crude in the first half of 2018 and still offers a higher growth potential to the investors compared to other stocks in the same category.
WallStEquities.com has initiated research reports on the following Oil & Gas Drilling & Exploration stocks: Transocean Ltd (NYSE: RIG), Unit Corp. (NYSE: UNT), W&T Offshore Inc. (NYSE: WTI), and Whiting Petroleum Corp. (NYSE: WLL). Steinhausen, Switzerland-based Transocean Ltd's stock finished Tuesday's session 0.38% higher at $13.08 with a total trading volume of 8.23 million shares.
On July 2, US crude oil August futures fell 0.3% and settled at $73.94 per barrel—the second-highest closing level for active US crude oil futures since November 24, 2014.
Whiting Petroleum’s (WLL) EV-to-adjusted EBITDA ratio was ~6x in the first quarter. The enterprise value is the sum of a company’s market capitalization and net debt.
In this part, we’ll look at the oil and gas production (upstream) stocks that have fallen the most this week. We’ll focus on oil and gas producers with a market capitalization greater than $100 million and an average trading volume over 100,000 shares last week.
Whiting Petroleum’s (WLL) free cash flow from operations was $54.5 million in the first quarter. The free cash flow from operations is the cash flow from operations minus the capex. The company is projecting ~$200 million of free cash flow in 2018 at $55 NYMEX oil prices.
In the first quarter, Whiting Petroleum (WLL) reported a CFO (cash flow from operations) of ~$233 million, which is ~191% higher than its CFO in the first quarter of 2017. The increase was primarily supported by higher revenues in the first quarter and positive changes in current assets and liabilities or working capital. The changes in working capital were a favorable $8.1 million in the first quarter—compared a negative $96 million change in working capital in the first quarter of 2017.
In a previous series, we discussed Whiting Petroleum’s (WLL) operational performance and its key initiatives and strategies in 2018. In this series, we’ll discuss Whiting Petroleum’s financial performance. In the first quarter, Whiting Petroleum’s net debt was $2.83 billion, while its net debt-to-adjusted EBITDA multiple was 2.89x.
With crude prices picking up steam, this is the perfect time to indulge in some energy stocks to make sure your portfolio is perfectly oiled up!
John Kilduff, Again Capital, and Mike Kelly, Seaport Global Securities, offer their outlooks for energy in the second half.