Whiting Petroleum
Market Cap
US$105.1m
Last Updated
2020/07/05 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in the Rocky Mountains region of the United States.
Snowflake Analysis
Mediocre balance sheet and overvalued.
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Share Price & News
How has Whiting Petroleum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WLL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.7%
WLL
2.5%
US Oil and Gas
4.0%
US Market
1 Year Return
-93.2%
WLL
-39.9%
US Oil and Gas
5.0%
US Market
Return vs Industry: WLL underperformed the US Oil and Gas industry which returned -39.9% over the past year.
Return vs Market: WLL underperformed the US Market which returned 4.9% over the past year.
Shareholder returns
| WLL | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.7% | 2.5% | 4.0% |
| 30 Day | -16.7% | -15.8% | -1.1% |
| 90 Day | 249.2% | 18.9% | 21.1% |
| 1 Year | -93.2%-93.2% | -37.1%-39.9% | 7.2%5.0% |
| 3 Year | -94.2%-94.2% | -30.9%-38.2% | 36.0%27.1% |
| 5 Year | -99.0%-99.0% | -36.3%-46.7% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is Whiting Petroleum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
Why We’re Not Impressed By Whiting Petroleum Corporation’s (NYSE:WLL) 4.3% ROCE5 months ago | Simply Wall St
Is Whiting Petroleum Corporation (NYSE:WLL) Expensive For A Reason? A Look At Its Intrinsic Value7 months ago | Simply Wall St
Imagine Owning Whiting Petroleum (NYSE:WLL) And Taking A 96% Loss Square On The ChinValuation
Is Whiting Petroleum undervalued compared to its fair value and its price relative to the market?
0.27x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WLL's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WLL's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WLL is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: WLL is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WLL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WLL is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Whiting Petroleum forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
79.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WLL is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: WLL is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: WLL is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: WLL's revenue is expected to decline over the next 3 years (-19.1% per year).
High Growth Revenue: WLL's revenue is forecast to decline over the next 3 years (-19.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WLL is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Whiting Petroleum performed over the past 5 years?
15.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WLL is currently unprofitable.
Growing Profit Margin: WLL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WLL is unprofitable, but has reduced losses over the past 5 years at a rate of 15.8% per year.
Accelerating Growth: Unable to compare WLL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WLL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-17.5%).
Return on Equity
High ROE: WLL has a negative Return on Equity (-962.95%), as it is currently unprofitable.
Next Steps
Financial Health
How is Whiting Petroleum's financial position?
Financial Position Analysis
Short Term Liabilities: WLL's short term assets ($1.0B) do not cover its short term liabilities ($3.9B).
Long Term Liabilities: WLL's short term assets ($1.0B) exceed its long term liabilities ($253.2M).
Debt to Equity History and Analysis
Debt Level: WLL's debt to equity ratio (864.2%) is considered high.
Reducing Debt: WLL's debt to equity ratio has increased from 77.2% to 864.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: WLL has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: WLL has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 50% each year
Next Steps
Dividend
What is Whiting Petroleum current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WLL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WLL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WLL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WLL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WLL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Brad Holly (49yo)
2.67yrs
Tenure
US$5,464,064
Compensation
Mr. Bradley J. Holly, also known as Brad, has been President and Chief Executive Officer of Whiting Petroleum Corporation since November 1, 2017. Mr. Holly served as an Executive Vice President of U.S. Ons ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD5.46M) is above average for companies of similar size in the US market ($USD606.53K).
Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.67yrs | US$5.46m | 0.26% $272.4k | |
| Chief Financial Officer | 0.92yr | US$1.71m | 0.029% $30.2k | |
| Chief Operating Officer | 1.67yrs | US$3.48m | 0.042% $44.3k | |
| Chief Administrative Officer | 0.92yr | US$2.46m | 0.069% $72.5k | |
| Vice President of Corporate Affairs | 0.92yr | no data | no data | |
| Vice President of Marketing & Midstream | 1.67yrs | no data | no data | |
| Vice President of Human Resources | 0.92yr | no data | no data | |
| VP & Controller | 5.33yrs | no data | 0.012% $12.1k |
1.3yrs
Average Tenure
49yo
Average Age
Experienced Management: WLL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.67yrs | US$5.46m | 0.26% $272.4k | |
| Independent Director | 7.17yrs | US$321.50k | 0.023% $24.4k | |
| Independent Director | 0.83yr | US$169.33k | 0.012% $12.4k | |
| Independent Director | 5yrs | US$318.92k | 0.022% $23.3k | |
| Independent Director | 17.5yrs | US$329.33k | 0.030% $31.6k | |
| Independent Lead Director | 0.50yr | US$295.00k | 0.085% $89.4k | |
| Independent Director | 0.83yr | US$169.33k | 0.012% $12.4k |
2.2yrs
Average Tenure
64yo
Average Age
Experienced Board: WLL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Whiting Petroleum Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Whiting Petroleum Corporation
- Ticker: WLL
- Exchange: NYSE
- Founded: 1980
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$105.124m
- Shares outstanding: 91.41m
- Website: https://www.whiting.com
Number of Employees
Location
- Whiting Petroleum Corporation
- 1700 Lincoln Street
- Suite 4700
- Denver
- Colorado
- 80203-4547
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WLL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2003 |
| WHT1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2003 |
| WLL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Nov 2003 |
Biography
Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers. As of December 31, 2019, it had interests in 2,171 net productive wells on approximately 523,600 net developed acres, as well as total estimated proved reserves of 485.4 million barrels of oil equivalent. The company was founded in 1980 and is headquartered in Denver, Colorado. On April 1, 2020, Whiting Petroleum Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 23:50 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.