Whiting Petroleum (WLL) Rising Before The Market Opens
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Whiting Petroleum as such a stock due to the following factors:
- WLL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $284.2 million.
- WLL traded 16,571 shares today in the pre-market hours as of 7:43 AM.
- WLL is up 6.8% today from yesterday's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in WLL with the Ticky from Trade-Ideas. See the FREE profile for WLL NOW at Trade-Ideas
More details on WLL:
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. WLL has a PE ratio of 65.2. Currently there are 17 analysts that rate Whiting Petroleum a buy, 1 analyst rates it a sell, and 5 rate it a hold.
The average volume for Whiting Petroleum has been 8.6 million shares per day over the past 30 days. Whiting has a market cap of $5.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.01 and a short float of 10.3% with 1.57 days to cover. Shares are up 4.5% year-to-date as of the close of trading on Thursday.
Analysis:
rates Whiting Petroleum as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
Highlights from the ratings report include:
- Despite the weak revenue results, WLL has outperformed against the industry average of 19.8%. Since the same quarter one year prior, revenues slightly dropped by 4.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The gross profit margin for WHITING PETROLEUM CORP is currently very high, coming in at 71.37%. Regardless of WLL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, WLL's net profit margin of -52.00% significantly underperformed when compared to the industry average.
- Net operating cash flow has declined marginally to $466.00 million or 5.01% when compared to the same quarter last year. Despite a decrease in cash flow of 5.01%, WHITING PETROLEUM CORP is in line with the industry average cash flow growth rate of -11.94%.
- WHITING PETROLEUM CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, WHITING PETROLEUM CORP reported lower earnings of $0.81 versus $3.07 in the prior year. For the next year, the market is expecting a contraction of 194.4% in earnings (-$0.77 versus $0.81).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 496.8% when compared to the same quarter one year ago, falling from -$59.27 million to -$353.68 million.
- You can view the full Whiting Petroleum Ratings Report.
null