Whiting Petroleum Corp. (WLL) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for WLL as the stock is now up nearly 33% since Jan 20.
This slump shouldn’t be too much of a surprise to investors, as the independent oil and gas company has seen 15 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
WLL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the oil US export and production sector is LRR Energy, L.P. (LRE), which currently carries a Zacks Rank #2 (Buy).
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