Are you looking for the best energy stocks to invest in? There was once a time where investors would have jumped at the chance to invest in Whiting Petroleum Corp. (NYSE:$WLL), a Denver-based oil and gas exploration and production company, but now, investors are asking themselves: is WLL still a justifiable purchase?
As of right now, the Whiting Petroleum Corp. share has a value of $6.11 while the company’s 52 week low sits at $6.38. The company’s shares fell to the 52 week low on June 7, 2017 while WLL’s shares reached a 52 week high on June 9, 2016.
For investors wanting to see the next move for Whiting Petroleum Corp.’s shares, take a look at the difference of the 52 week low value, the 52 week high value and the current price of the stock. If, for instance, the share price flutters near the 52 week low and the value is achieved in the past, this can illustrate that the share price is likely to increase.
It’s important to note that the volume of a stock is the shares purchased and sold in one day of trading. Additionally, the average volume of a stock hints that the liquidity is low, thus making it harder to buy or sell the stock as there are few buyers and sellers.
Currently, Whiting Petroleum Corp. shares have trading volume of 34.54 million shares and their average trading volume is 27260 shares.
Unfortunately, the price to earnings ratio of WLL has not been reported but investors can look at the company’s Earnings per Share (EPS). The EPS breaks down the expediency of the company on a single share basis.
At present, the EPS of Whiting Petroleum Corp. is -0.15 but analysts have predicted that the EPS of the stock will be -0.22. This suggests that WLL has fallen short of expectations.
When investors are looking for energy stocks to buy and they are trying to decide whether or not WLL is a good buy/sell decision, consider the company’s market cap. Essentially market capitalization is the overall price to purchase the company. Additionally, instead of using sales or total asset figures, market cap is using the figure to analyze the company’s size.
Right now, Whiting Petroleum Corp has a market cap of $2.22 billion, thus suggesting that the WLL is a massive company. The fact that WLL is huge company further suggests that WLL shares are relatively stable and safe in comparison to lower market cap companies.
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