23 Jan

What to Expect from Whiting Petroleum Stock in 2018

WRITTEN BY Keisha Bandz FEATURED IN Price Movement Observations

Whiting Petroleum stock

Whiting Petroleum (WLL) stock slowed down last week, rising just 0.50% in the week ended January 19. Year-over-year, the stock has fallen ~41%.

What to Expect from Whiting Petroleum Stock in 2018

WLL stock’s uptrend likely slowed down in the previous week due to weak crude oil (USO)(UCO) prices. Crude oil prices fell 1.4% in the week ended January 19. However, on a YoY basis, crude oil prices have risen 21%. Meanwhile, natural gas prices (UNG)(UGAZ) have fallen ~4.3% during the period.

As you can see in the graph above, Whiting Petroleum has been on an uptrend, mainly due to rising crude oil prices (USO)(UCO).

However, Whiting Petroleum has underperformed the energy sector (XLE), which fell 0.28% on a YoY basis. It also underperformed the broader market (SPY)(SPX-INDEX), which rose ~24.8% during the period.

4Q17 and fiscal 2017 earnings: Impact on Whiting Petroleum stock

Whiting’s revenue and earnings in 4Q17 are expected to be better than the previous year. Stronger crude oil prices in 4Q17 are likely expected to support higher revenues in 4Q17 and fiscal 2017. Whiting Petroleum is expected to report its 4Q17 and fiscal 2017 earnings on February 20. Investors will likely watch to see how Whiting Petroleum’s upcoming earnings could impact its stock. Crude oil makes up a major chunk of Whiting Petroleum’s total production. In 3Q17, ~84% of Whiting Petroleum’s production was made up of crude oil and natural gas liquids.

Investors could also be watching Whiting Petroleum’s capex plans for 2018. Whiting Petroleum’s capital budget for 2017 was $1.1 billion, which was reduced to $950 million. However, the increased capex wasn’t supported by a production growth forecast. Whiting Petroleum’s production guidance for 2017 was 117.5 Mboepd (thousand barrels of oil equivalent per day)—compared to its production of ~130 Mboepd in 2016. This change had negatively impacted WLL’s stock in 2017. So capex plans and production forecasts could be a key driver of WLL’s stock in 2018.

Latest articles

18 Mar

Tilray Reports Its Fourth-Quarter Earnings


Tilray (TLRY) reported its quarterly earnings after the market closed. The company reported a total quarterly sales of $15.5, which increased nearly 203.8% year-over-year.

Earlier today, US tech giant Apple (AAPL) launched new versions of its iPad Air and iPad Mini. The company is set to hold a special event on March 25.

18 Mar

How Facebook Aims to Compete with Twitch


Facebook has stated that over 700 million of its users play games, watch gaming videos, and engage in gaming groups on its platform.

On March 18, President Trump tweeted, “GDP growth during the four quarters of 2018 was the fastest since 2005.” Let’s look at the data.

Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.

18 Mar

Why Amazon Is Interested in YES Network


Amazon (AMZN) recently teamed up with the Yankees and other investors to purchase the YES Network.