Whiting Petroleum Corporation (WLL) Stock Price Down 1.8%

Shares of Whiting Petroleum Corporation (NYSE:WLL) were down 1.8% on Monday . The stock traded as low as $3.97 and last traded at $4.07. Approximately 7,995,087 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 21,272,500 shares. The stock had previously closed at $4.00.

Several equities analysts have recently commented on the company. BMO Capital Markets set a $10.00 price objective on Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) lowered Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $11.50 to $7.25 in a research report on Tuesday, May 30th. Credit Suisse Group lowered Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Thursday, June 1st. Royal Bank Of Canada set a $12.00 price objective on Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Whiting Petroleum Corporation has a consensus rating of “Hold” and an average target price of $11.28.

The company’s 50-day moving average price is $4.68 and its 200-day moving average price is $7.04. The stock’s market capitalization is $1.49 billion.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter in the prior year, the firm earned ($0.70) earnings per share. Whiting Petroleum Corporation’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts expect that Whiting Petroleum Corporation will post ($0.70) earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in Whiting Petroleum Corporation by 1.4% in the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock worth $156,000 after purchasing an additional 388 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in Whiting Petroleum Corporation by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after acquiring an additional 475 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Whiting Petroleum Corporation by 2.2% during the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after acquiring an additional 487 shares in the last quarter. World Asset Management Inc boosted its position in Whiting Petroleum Corporation by 4.7% during the 1st quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after acquiring an additional 570 shares in the last quarter. Finally, Sentinel Trust Co. LBA boosted its position in Whiting Petroleum Corporation by 0.6% during the 2nd quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock valued at $835,000 after acquiring an additional 850 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors.

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Whiting Petroleum Corporation Company Profile

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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