Description: This $6 billion dollar, U.S. mid-cap shale exploration company drills in the Permian Basin, Rocky Mountains, Gulf Coast and Mid-Continent.
Potential Upside in 2012: About 28%, says Bill Gunderson, president of Gunderson Capital Management.
Stock Price (Jan. 23 Close): $50.27TheStreet Ratings Grade: Buy. Analysts from TheStreet Ratings team say that the company was able to outpace its typical industry competitor in the third-quarter for net income growth, but not for revenue growth. Stockholders' equity rose 19.89% from the same quarter last year, while the company's liquidity also increased. Gunderson's View: Gunderson sees a delay of Keystone plans, and therefore Canadian oil imports, as in a sense a setback of competition for this shale company. Gunderson believes that Whiting could easily trade up to the mid-$60 range before the end of the year, adding that the stock, with a price to earnings ratio of 14, is a good bargain. Whiting's Risks -- Jason Wangler, Analyst at SunTrust Robinson Humphrey: Whiting was 5,000 barrels short on production in the fourth quarter and the company has not yet clarified whether those "lost barrels" will lead to an unexpected production bump this year. "You never get those barrels back," Wrangler cautioned. The analyst will, of course, be paying close attention to the company's upcoming fourth-quarter earnings announcement on Feb. 22 for more guidance on this matter. Wrangler does point out however that it's quite possible it wasn't the company's fault there was a production shortfall, specifically if it were the case that oil service company workers didn't show up when they said they would. A situation of this sort would highlight the growing difficulty of securing oil service workers due to competitive bidding from exploration and production peers amid the ongoing shale exploration boom.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV