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Strength Seen in Whiting Petroleum (WLL): Stock Soars 14.2%

Zacks Equity Research
Updated

Whiting Petroleum Corporation WLL was a big mover last session, as the company saw its shares rise more than 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $4.73-$5.74 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company reported solid third-quarter 2017 earnings, owing to strong production growth in the Niobrara shale of Colorado.

The company has seen a mixed track record when it comes to estimate revisions of seven increases and one decrease over the past one month, while the Zacks Consensus Estimate has moved higher, suggesting that more solid trading could be ahead for Whiting Petroleum. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.



Whiting Petroleum currently has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

Another stock worth considering in the Oil and Gas - Exploration and Production - United States industry is Noble Midstream Partners LP NBLX, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Whiting Petroleum Corporation (WLL) : Free Stock Analysis Report
 
Noble Midstream Partners LP (NBLX) : Free Stock Analysis Report
 
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Zacks Investment Research