Whiting Petroleum Corp. stock trades under the ticker WLL & has shown recent bullish behavior that investors & traders should take a closer review at, amid a volatile market.
WLL stock closed at $80.94/share on 5/6/2022.
Whiting Petroleum Corp. WLL Stock’s Technicals Broken Down
WLL Stock Price: $80.94
10 Day Moving Average: $75.31
50 Day Moving Average: $79.97
200 Day Moving Average: $66.02
RSI: 55.58
MACD: -0.823
On Friday, WLL stock completed a bullish MACD crossover, while also breaking out above its 50 day moving average.
Their recent trading volume has been average/below average compared to the year prior, but with their RSI still neutral there appears to be more short-term momentum to come for WLL stock.
They will need to break out above the $81, $81.46 & $82.48 resistance levels as they continue to climb higher.
Whiting Petroleum Corp. WLL Stock As A Long-Term Investment
Investors who are focused on the long-term will like WLL stock’s valuation metrics, with a 7.25 P/E (ttm) & 1.84 P/B(mrq).
They recently reported 123% Quarterly Revenue Growth Y-o-Y.
WLL stock’s balance sheet looks very appealing, with $41.24M in Total Cash (mrq) & $19.84M in Total Debt (mrq).
WLL stock pays a 1.27% dividend yield, which looks sustainable in the long-term with a 2.5% payout ratio.
96.4% of WLL stock is owned by institutional investors.
Whiting Petroleum Corp. WLL Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against broader market risks, while profiting from movements in WLL stock’s price.
I am looking at the contracts with the 5/20 expiration date.
The $70, $75 & $80 calls all look appealing & in-the-money, although there is more open interest in the $85 contracts than the three strike prices above combined.
This signals that there are a lot of traders who believe that there is at least 5% more upside to WLL stock in the coming weeks.
The $95, $90 & $85 puts are all in-the-money, but are very illiquid.
The open interest levels on the $80 & $75 puts are much greater, but a turn in near-term momentum will be required to get them at-the-money.
Tying It All Together
WLL stock has a lot of interesting characteristics that traders & investors are both sure to like.
Investors will like their balance sheet, as well as their valuation & dividend.
Traders will like their current momentum, but may be disappointed with the liquidity of their options contracts that are in-the-money at the moment.
All-in-all, WLL stock is worth taking a closer look at to see how it fits into your trading strategy.
*** I DO NOT OWN SHARES OF WLL STOCK AT THE TIME OF PUBLISHING THIS PIECE ***