Whiting Petroleum Corp. (WLL) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for WLL, as the stock is now down over 49% since Nov 21.
This slump shouldn’t be too much of a surprise to investors, as this independent oil-based exploration and production company has seen 10 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 #5 (Strong Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the Oil-U.S. Exploration & Production industry include Sandridge Mississippian Trust II (SDR), Atlas Resource Partners, L.P. (ARP) and Cheniere Energy, Inc. (LNG). Among these stocks, Sandridge Mississippian Trust carries a Zacks Rank #1 (Strong Buy), while Atlas Resource Partners and Cheniere Energy hold a Zacks Rank #2 (Buy).
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