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Whiting Petroleum

DB:WHT1
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WHT1
DB
$32M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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 last earnings update was 41 days ago. More info.


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  • Whiting Petroleum has significant price volatility in the past 3 months.
WHT1 Share Price and Events
7 Day Returns
-10.7%
DB:WHT1
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-98.8%
DB:WHT1
28.1%
DE Oil and Gas
-16.6%
DE Market
WHT1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Whiting Petroleum (WHT1) -10.7% -53.5% -95.1% -98.8% -99.1% -99.8%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • WHT1 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • WHT1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
WHT1
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
  • It is not possible to calculate the future cash flow value for Whiting Petroleum. This is due to cash flow or dividend data being unavailable. The share price is €0.33.
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
DB:WHT1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.64
NYSE:WLL Share Price ** NYSE (2020-04-07) in USD $0.36
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Whiting Petroleum.

DB:WHT1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.36 ÷ -2.64

-0.13x

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

  • Whiting Petroleum is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Whiting Petroleum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Whiting Petroleum's expected growth come at a high price?
Raw Data
DB:WHT1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
0.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Whiting Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Whiting Petroleum's assets?
Raw Data
DB:WHT1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $44.07
NYSE:WLL Share Price * NYSE (2020-04-07) in USD $0.36
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:WHT1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.36 ÷ 44.07

0.01x

* 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 DE 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 1/6, 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 5 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
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Whiting Petroleum expected to grow at an attractive rate?
  • Unable to compare Whiting Petroleum's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Whiting Petroleum's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Whiting Petroleum's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WHT1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WHT1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 0.3%
DB:WHT1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -19.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:WHT1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WHT1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 891 694 -178 1
2023-12-31 940 697 -182 1
2022-12-31 777 490 -285 2
2021-12-31 908 461 -299 5
2020-12-31 947 416 -324 5
2020-04-08
DB:WHT1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,572 756 -241
2019-09-30 1,665 806 110
2019-06-30 1,856 931 251
2019-03-31 1,956 1,008 259
2018-12-31 2,081 1,092 342
2018-09-30 2,169 1,094 -660
2018-06-30 1,899 929 -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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Whiting Petroleum is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Whiting Petroleum's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:WHT1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Whiting Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WHT1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 -1.95 -1.95 -1.95 1.00
2023-12-31 -2.00 -2.00 -2.00 1.00
2022-12-31 -3.04 -2.04 -4.04 2.00
2021-12-31 -2.91 -1.80 -4.41 4.00
2020-12-31 -3.51 -2.31 -4.08 4.00
2020-04-08
DB:WHT1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.64
2019-09-30 1.21
2019-06-30 2.75
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

*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.
  • Unable to establish if Whiting Petroleum will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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 0/6, 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 does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Whiting Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Whiting Petroleum's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WHT1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,572.25 -241.17 161.48
2019-09-30 1,664.88 110.28 152.16
2019-06-30 1,855.68 250.75 159.01
2019-03-31 1,955.82 258.56 153.49
2018-12-31 2,081.41 342.49 145.33
2018-09-30 2,169.21 -659.75 159.37
2018-06-30 1,899.21 -1,067.58 159.41
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

*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.
  • It is difficult to establish if Whiting Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Whiting Petroleum has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Whiting Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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 0/6, 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 3 months ago.

DB:WHT1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,024.97 2,799.89 8.65
2019-09-30 4,169.96 2,861.04
2019-06-30 4,200.63 2,846.58 6.68
2019-03-31 4,202.35 2,839.40 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
  • Whiting Petroleum's level of debt (69.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (98% vs 69.6% today).
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.

  • Whiting Petroleum has less than a year of cash runway based on current free cash flow.
  • Whiting Petroleum has less than a year of cash runway if free cash flow continues to reduce at historical rates of -47.6% each year.
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
DB:WHT1 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 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:WHT1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2020-04-08

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 Germany.
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 $5,464,064
AGE 48
TENURE AS CEO 2.4 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 whilst company is loss making.
  • Brad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

0.7
Average Tenure
45
Average Age
  • The average tenure for the Whiting Petroleum management team is less than 2 years, this suggests a new team.
Management Team

Brad Holly

TITLE
Chairman
COMPENSATION
$5M
AGE
48
TENURE
2.4 yrs

Correne Loeffler

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
42
TENURE
0.7 yrs

Chip Rimer

TITLE
Chief Operating Officer
COMPENSATION
$3M
AGE
61
TENURE
1.4 yrs

Bruce DeBoer

TITLE
Chief Administrative Officer
COMPENSATION
$2M
AGE
66
TENURE
0.7 yrs

Tim Sulser

TITLE
Chief Strategy Officer
COMPENSATION
$2M
AGE
42
TENURE
0.7 yrs

Eric Hagen

TITLE
Vice President of Corporate Affairs
TENURE
0.7 yrs

Kevin Kelly

TITLE
Vice President of Marketing & Midstream
TENURE
1.4 yrs

Chris Edwards

TITLE
Vice President of Human Resources
TENURE
0.7 yrs

Sirikka Lohoefener

TITLE
VP & Controller
AGE
40
TENURE
5.1 yrs
Board of Directors Tenure

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

4.8
Average Tenure
67
Average Age
  • The tenure for the Whiting Petroleum board of directors is about average.
Board of Directors

Tom Aller

TITLE
Independent Director
COMPENSATION
$329K
AGE
70
TENURE
17.3 yrs

Brad Holly

TITLE
Chairman
COMPENSATION
$5M
AGE
48
TENURE
1.9 yrs

Phil Doty

TITLE
Independent Director
COMPENSATION
$340K
AGE
75
TENURE
9.7 yrs

Mike Walen

TITLE
Independent Director
COMPENSATION
$322K
AGE
70
TENURE
6.9 yrs

James Catlin

TITLE
Lead Director
COMPENSATION
$295K
AGE
72
TENURE
0.3 yrs

Bill Hahne

TITLE
Independent Director
COMPENSATION
$335K
AGE
67
TENURE
12.4 yrs

Carin Knickel

TITLE
Independent Director
COMPENSATION
$319K
AGE
63
TENURE
4.8 yrs

Lyne Andrich

TITLE
Independent Director
COMPENSATION
$169K
AGE
52
TENURE
0.6 yrs

Mike Hutchinson

TITLE
Independent Director
COMPENSATION
$169K
AGE
63
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
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

Company Info

Description

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.

Details
Name: Whiting Petroleum Corporation
WHT1
Exchange: DB
Founded: 1980
$29,795,195
91,355,773
Website: http://www.whiting.com
Address: Whiting Petroleum Corporation
1700 Lincoln Street,
Suite 4700,
Denver,
Colorado, 80203-4547,
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
BMV WLL * Common Stock Bolsa Mexicana de Valores MX MXN 20. Nov 2003
Number of employees
Current staff
Staff numbers
505
Whiting Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:09
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.