Checking the Overall Picture for Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation (WLL) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $38.21, down from yesterday’s close by -1.09%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Whiting Petroleum Corporation (WLL) currently trades with a market capitalization of $3.38 Billion. That value represents a market adjusting for revenues that have been growing by 38.44 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$279.47 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.19 on a per share basis this quarter. Perhaps, that suggests something about why 2.74% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Whiting Petroleum Corporation recorded a 52-week high of $38.94. It is now trading 0.73% off that level. The stock is trading $29.78 its 50-day moving average by -8.43%. The stock carved out a 52-week low down at $15.88.

In recent action, Whiting Petroleum Corporation (WLL) has made a move of +24.62% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 17.23% with $88.46 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WLL.

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