Why Whiting Petroleum Corp (WLL) Could Be Positioned for a Surge? – Tale of the Tape

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WLL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Whiting Petroleum Corp could be a solid choice for investors.

Current Quarter Estimates for WLL

In the past 30 days, 9 estimates have gone higher for Whiting Petroleum Corp while 3 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 47 cents a share 30 days ago, to a loss of 26 cents today, a move of 44.7%.

Current Year Estimates for WLL

Meanwhile, Whiting Petroleum Corp’s current year figures are also looking quite promising, with 13 estimates moving higher in the past month, compared to only 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.10 per share 30 days ago to a loss of 43 cents per share today, an increase of 60.9%.

Bottom Line

The stock has also started to move higher lately, adding 5.92% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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