Loading...

Whiting Petroleum

NYSE:WLL
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WLL
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Whiting Petroleum has significant price volatility in the past 3 months.
WLL Share Price and Events
7 Day Returns
-3.8%
NYSE:WLL
0.9%
US Oil and Gas
1.6%
US Market
1 Year Returns
-53.8%
NYSE:WLL
-17.5%
US Oil and Gas
2.6%
US Market
WLL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Whiting Petroleum (WLL) -3.8% -20.1% -19.3% -53.8% -53.7% -91.8%
US Oil and Gas 0.9% -4.9% -3.1% -17.5% -0.8% -32.9%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • WLL underperformed the Oil and Gas industry which returned -17.5% over the past year.
  • WLL underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
WLL
Industry
5yr Volatility vs Market

Value

 Is Whiting Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Whiting Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Whiting Petroleum.

NYSE:WLL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:WLL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 21%) (134.68%))
1.574
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.574 * 5.96%)
12.11%

Discounted Cash Flow Calculation for NYSE:WLL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Whiting Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:WLL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.11%)
2019 266.43 Analyst x7 237.65
2020 383.51 Analyst x7 305.13
2021 291.50 Analyst x2 206.87
2022 238.22 Est @ -18.28% 150.80
2023 209.69 Est @ -11.98% 118.40
2024 193.83 Est @ -7.56% 97.62
2025 185.16 Est @ -4.48% 83.18
2026 180.88 Est @ -2.31% 72.48
2027 179.43 Est @ -0.8% 64.13
2028 179.89 Est @ 0.26% 57.35
Present value of next 10 years cash flows $1,393.60
NYSE:WLL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $179.89 × (1 + 2.73%) ÷ (12.11% – 2.73%)
$1,970.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,970.01 ÷ (1 + 12.11%)10
$628.05
NYSE:WLL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,393.60 + $628.05
$2,021.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,021.66 / 91.28
$22.15
NYSE:WLL Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.15
Current discount Discount to share price of $23.46
= -1 x ($23.46 - $22.15) / $22.15
-5.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Whiting Petroleum is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Whiting Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Whiting Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WLL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.84
NYSE:WLL Share Price ** NYSE (2019-05-21) in USD $23.46
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 13.25x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Whiting Petroleum.

NYSE:WLL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WLL Share Price ÷ EPS (both in USD)

= 23.46 ÷ 2.84

8.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whiting Petroleum is good value based on earnings compared to the US Oil and Gas industry average.
  • Whiting Petroleum is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Whiting Petroleum's expected growth come at a high price?
Raw Data
NYSE:WLL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
30.5%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:WLL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.26x ÷ 30.5%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whiting Petroleum is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Whiting Petroleum's assets?
Raw Data
NYSE:WLL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $46.04
NYSE:WLL Share Price * NYSE (2019-05-21) in USD $23.46
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.09x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:WLL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WLL Share Price ÷ Book Value per Share (both in USD)

= 23.46 ÷ 46.04

0.51x

* Primary Listing of Whiting Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whiting Petroleum is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Whiting Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Whiting Petroleum has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Whiting Petroleum expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Whiting Petroleum expected to grow at an attractive rate?
  • Whiting Petroleum's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Whiting Petroleum's earnings growth is expected to exceed the United States of America market average.
  • Whiting Petroleum's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WLL Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WLL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 30.5%
NYSE:WLL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 6.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:WLL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WLL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,491 1,524 449 2
2022-12-31 2,388 1,418 400 2
2021-12-31 2,055 1,239 266 8
2020-12-31 2,012 1,168 215 16
2019-12-31 1,849 1,015 89 17
NYSE:WLL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,956 1,008 259
2018-12-31 2,081 1,092 342
2018-09-30 2,079 1,094 -660
2018-06-30 1,856 929 -1,068
2018-03-31 1,657 730 -1,136
2017-12-31 1,481 577 -1,238
2017-09-30 1,234 527 -613
2017-06-30 1,226 579 -1,019
2017-03-31 1,252 629 -1,254
2016-12-31 1,285 595 -1,339
2016-09-30 1,243 508 -1,265
2016-06-30 1,414 730 -2,437

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Whiting Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Whiting Petroleum's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WLL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Whiting Petroleum Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WLL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.92 6.28 3.56 2.00
2022-12-31 4.38 5.16 3.60 2.00
2021-12-31 2.89 3.74 2.07 4.00
2020-12-31 2.25 3.29 1.14 13.00
2019-12-31 1.24 2.32 0.47 10.00
NYSE:WLL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.84
2018-12-31 3.77
2018-09-30 -7.26
2018-06-30 -11.76
2018-03-31 -12.52
2017-12-31 -13.65
2017-09-30 -7.08
2017-06-30 -12.52
2017-03-31 -17.22
2016-12-31 -21.27
2016-09-30 -22.10
2016-06-30 -46.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Whiting Petroleum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Whiting Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Whiting Petroleum has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Whiting Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Whiting Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Whiting Petroleum's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Whiting Petroleum has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Whiting Petroleum has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
Whiting Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Whiting Petroleum Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WLL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,955.82 258.56 153.49
2018-12-31 2,081.41 342.49 145.33
2018-09-30 2,079.40 -659.75 157.36
2018-06-30 1,855.91 -1,067.58 158.85
2018-03-31 1,657.26 -1,135.68 160.57
2017-12-31 1,481.44 -1,237.65 160.61
2017-09-30 1,233.51 -612.63 153.01
2017-06-30 1,226.00 -1,019.25 158.54
2017-03-31 1,251.76 -1,254.31 164.16
2016-12-31 1,284.98 -1,339.10 192.72
2016-09-30 1,243.49 -1,264.53 226.08
2016-06-30 1,414.16 -2,436.59 249.32
2016-03-31 1,697.75 -2,284.82 282.81
2015-12-31 1,909.45 -2,219.18 315.98
2015-09-30 2,146.66 -2,474.17 310.27
2015-06-30 2,422.75 -451.09 281.43
2015-03-31 2,585.86 -150.37 253.05
2014-12-31 2,771.61 64.81 211.01
2014-09-30 2,797.92 359.22 195.18
2014-06-30 2,707.37 405.35 236.92
2014-03-31 2,548.52 388.59 241.45
2013-12-31 2,441.15 365.52 232.75
2013-09-30 2,319.63 506.22 229.59
2013-06-30 2,151.91 384.98 186.17
2013-03-31 2,005.85 400.91 171.33
2012-12-31 1,966.09 413.11 167.69
2012-09-30 1,897.00 394.30 150.17
2012-06-30 1,853.39 517.40 147.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whiting Petroleum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Whiting Petroleum used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Whiting Petroleum has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Whiting Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Whiting Petroleum has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Whiting Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Whiting Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Whiting Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Whiting Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Whiting Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Whiting Petroleum Company Filings, last reported 1 month ago.

NYSE:WLL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,202.35 2,884.04 1.69
2018-12-31 4,270.32 2,792.32 13.61
2018-09-30 4,063.85 2,835.13 14.19
2018-06-30 3,939.27 2,778.23 16.61
2018-03-31 3,935.61 2,861.43 30.52
2017-12-31 3,919.14 3,723.43 879.38
2017-09-30 4,715.97 2,931.44 11.17
2017-06-30 4,996.11 3,274.81 23.24
2017-03-31 5,063.27 3,168.26 16.43
2016-12-31 5,149.19 3,535.30 55.98
2016-09-30 4,604.02 4,085.63 18.33
2016-06-30 4,764.95 4,960.92 15.34
2016-03-31 4,592.70 5,334.60 1.06
2015-12-31 4,758.59 5,197.70 16.05
2015-09-30 4,850.02 5,254.65 37.73
2015-06-30 6,707.83 5,245.35 60.15
2015-03-31 6,789.69 5,241.19 105.92
2014-12-31 5,703.04 5,602.39 78.10
2014-09-30 4,262.23 2,753.35 28.05
2014-06-30 4,097.14 2,653.51 227.08
2014-03-31 3,941.50 2,653.67 406.44
2013-12-31 3,836.70 2,653.83 699.46
2013-09-30 3,890.06 2,903.99 1,025.58
2013-06-30 3,680.35 2,250.00 23.31
2013-03-31 3,540.61 2,100.00 8.18
2012-12-31 3,453.17 1,800.00 44.80
2012-09-30 3,367.09 1,600.00 26.08
2012-06-30 3,279.82 1,420.00 6.81
  • Whiting Petroleum's level of debt (68.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.3% vs 68.6% today).
  • Debt is well covered by operating cash flow (34.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Whiting Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Whiting Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Whiting Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Whiting Petroleum dividends. Estimated to be 0% next year.
If you bought $2,000 of Whiting Petroleum shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Whiting Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Whiting Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:WLL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WLL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 5.00
2020-12-31 0.00 6.00
2019-12-31 0.00 7.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Whiting Petroleum has not reported any payouts.
  • Unable to verify if Whiting Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Whiting Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Whiting Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Whiting Petroleum's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Whiting Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Whiting Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Whiting Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Whiting Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Holly
COMPENSATION $5,432,235
AGE 47
TENURE AS CEO 1.5 years
CEO Bio

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. Onshore Exploration & Production at Anadarko Petroleum Corporation since May 10, 2017 until October 4, 2017. Mr. Holly served as Senior Vice President of U.S. Onshore Exploration and Production at Anadarko Petroleum Corporation from August 2016 to May 10, 2017. He served as Senior Vice President of Operations - Rockies at Anadarko Petroleum Corporation since November 2014 until August 2016. He was previously Senior Vice President, Operations for Anadarko'sRocky Mountain Region from May 2013 to September 2016 and Vice President, Operations for the Southern & Appalachia Region from July 2012 to May 2013. Mr. Holly joined Anadarko in 1997 and has held positions of increasing responsibility in onshore and offshore engineering and management. He served as General Manager of Greater Natural Buttes and General Manager of Maverick Basin. Prior to that, he served as Reserves and Planning Manager for the Southern and Appalachia Region and was a Reservoir Engineer & Development Supervisor on Anadarko's Marco Polo and K2 developments in the deepwater GOM. Mr. Holly has more than 23 years of experience in oil and natural gas exploration and production, having begun his career with Amoco in 1994. He has been Director of Whiting Petroleum Corporation since November 1, 2017 and also its Chairman of the Board since May 01, 2018. He serves on the Industry Advisory Board for the Texas Tech Petroleum Engineering Department and also is a member of the Society of Petroleum Engineers. Mr. Holly returns to Denver where he served as the past Chairman of the Colorado Oil and Gas Association (COGA) in 2016 and is a member of the inaugural class of the Colorado Governor's Fellows Program. Mr. Holly served on Governor Hickenlooper's task force on oil and gas in 2014-2015 and was the chairman of Protect Colorado in 2016. He has served as a trustee of the Mile High United Way for the past three years. Mr. Holly holds a Bachelor of Science in Petroleum Engineering from Texas Tech University and he is a graduate of the Harvard Business School Advanced Management Program.

CEO Compensation
  • Brad's compensation has increased in line with Whiting Petroleum recently becoming profitable.
  • Brad's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Whiting Petroleum management team in years:

4.9
Average Tenure
49.5
Average Age
  • The tenure for the Whiting Petroleum management team is about average.
Management Team

Brad Holly

TITLE
Chairman
COMPENSATION
$5M
AGE
47
TENURE
1.5 yrs

Michael Stevens

TITLE
Senior VP & CFO
COMPENSATION
$3M
AGE
52
TENURE
14.2 yrs

Bruce DeBoer

TITLE
Senior VP
COMPENSATION
$2M
AGE
65
TENURE
14.3 yrs

Pete Hagist

TITLE
Senior Vice President of Planning & Reservoir Engineering
COMPENSATION
$2M
AGE
57
TENURE
4.9 yrs

Chip Rimer

TITLE
Chief Operating Officer
AGE
60
TENURE
0.5 yrs

Eric Hagen

TITLE
Senior Vice President of Investor Relations
TENURE
7.6 yrs

Tim Sulser

TITLE
Chief Corporate Development & Strategy Officer
AGE
41
TENURE
0.7 yrs

Heather Duncan

TITLE
Vice President of Human Resources
AGE
47
TENURE
11.3 yrs

Sirikka Lohoefener

TITLE
VP, Controller & Treasurer
AGE
39
TENURE
4.2 yrs

Jason Finch

TITLE
Vice President of Planning
Board of Directors Tenure

Average tenure and age of the Whiting Petroleum board of directors in years:

5.2
Average Tenure
69
Average Age
  • The tenure for the Whiting Petroleum board of directors is about average.
Board of Directors

Tom Aller

TITLE
Director
COMPENSATION
$290K
AGE
69
TENURE
16.3 yrs

Brad Holly

TITLE
Chairman
COMPENSATION
$5M
AGE
47
TENURE
1 yrs

Phil Doty

TITLE
Independent Director
COMPENSATION
$296K
AGE
74
TENURE
8.8 yrs

Mike Walen

TITLE
Independent Director
COMPENSATION
$282K
AGE
69
TENURE
6 yrs

Bill Hahne

TITLE
Lead Independent Director
COMPENSATION
$291K
AGE
66

James Catlin

TITLE
Director
COMPENSATION
$232K
AGE
71
TENURE
4.4 yrs

Carin Knickel

TITLE
Director
COMPENSATION
$257K
AGE
62
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • Whiting Petroleum insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Mar 19 Sell Peter Hagist Individual 15. Mar 19 15. Mar 19 -5,000 $25.19 $-125,950
08. Nov 18 Sell William Hahne Individual 07. Nov 18 07. Nov 18 -2,300 $36.85 $-84,766
X
Management checks
We assess Whiting Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Whiting Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is There An Opportunity With Whiting Petroleum Corporation's (NYSE:WLL) 23% Undervaluation?

How far off is Whiting Petroleum Corporation (NYSE:WLL) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Whiting Petroleum Corporation (NYSE:WLL) Investing Effectively In Its Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

The Whiting Petroleum Share Price Is Down 91% So Some Shareholders Are Rather Upset

For example, we sympathize with anyone who was caught holding Whiting Petroleum Corporation (NYSE:WLL) during the five years that saw its share price drop a whopping 91%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Whiting Petroleum moved from a loss to profitability.

Simply Wall St -

Read This Before Buying Whiting Petroleum Corporation (NYSE:WLL) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Whiting Petroleum Corporation (NYSE:WLL). … All up, insiders sold more shares in Whiting Petroleum than they bought, over the last year … It's not particularly great to see insiders were selling shares around current prices (shares recently traded around US$26.36)

Simply Wall St -

Analysts Expect Breakeven For Whiting Petroleum Corporation (NYSE:WLL)

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. … The US$4.84b market-cap company’s loss lessens since it announced a -US$1.24b bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$1.14b, as it approaches breakeven. … See our latest analysis for Whiting Petroleum

Simply Wall St -

Whiting Petroleum Corporation's (NYSE:WLL) Profit Outlook

Many investors are wondering the rate at which WLL will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for WLL, its year of breakeven and its implied growth rate. … Working backwards from analyst estimates, it turns out that they expect the company to grow 23.07% year-on-year, on average, which is extremely buoyant. … NYSE:WLL Past Future Earnings Jun 1st 18 Underlying developments driving WLL’s growth isn’t the focus of this broad overview, however, keep in mind that generally an oil and gas business has lumpy cash flows which are contingent on the natural resource and stage at which the company is operating.

Simply Wall St -

Whiting Petroleum Corporation (NYSE:WLL): Risks You Need To Consider Before Buying

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 2.92, Whiting Petroleum is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … How WLL's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Who Owns Whiting Petroleum Corporation (NYSE:WLL)?

Today, I will be analyzing Whiting Petroleum Corporation’s (NYSE:WLL) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Is Whiting Petroleum Corporation's (NYSE:WLL) Balance Sheet A Threat To Its Future?

See our latest analysis for Whiting Petroleum How does WLL’s operating cash flow stack up against its debt? … Moreover, WLL has generated US$577.11M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 15.50%, signalling that WLL’s current level of operating cash is not high enough to cover debt. … Next Steps: With a high level of debt on its balance sheet, WLL could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

Why Whiting Petroleum Corporation (NYSE:WLL) Could Be A Buy

Since Whiting Petroleum’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you are no longer interested in Whiting Petroleum, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Company Info

Description

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas 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, 2018, it had interests in 2,097 net productive wells on approximately 539,300 net developed acres, as well as total estimated proved reserves of 520.1 million barrels of oil equivalent. The company was founded in 1980 and is headquartered in Denver, Colorado.

Details
Name: Whiting Petroleum Corporation
WLL
Exchange: NYSE
Founded: 1980
$2,141,418,899
91,279,578
Website: http://www.whiting.com
Address: Whiting Petroleum Corporation
1700 Broadway,
Suite 2300,
Denver,
Colorado, 80290,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WLL Common Stock New York Stock Exchange US USD 20. Nov 2003
DB WHT1 Common Stock Deutsche Boerse AG DE EUR 20. Nov 2003
Number of employees
Current staff
Staff numbers
755
Whiting Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 04:01
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.