Can Whiting Petroleum (WLL) Run Higher on Strong Earnings Estimate Revisions?

Whiting Petroleum Corporation is an independent oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

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 could be a solid choice for investors.

Current Quarter Estimates for WLL

In the past 30 days, seven estimates have gone higher for Whiting Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 55 cents a share 30 days ago, to a loss of 36 cents today, a move of 34.5%.

Current Year Estimates for WLL

Meanwhile, Whiting Petroleum current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $2.43 per share 30 days ago to a loss of $2.30 per share today, an increase of 5.3%.

Whiting Petroleum Corporation Price and Consensus

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