Whiting Petroleum (NYSE:WLL) Stock Price Up 12.5%

Whiting Petroleum Corp (NYSE:WLL)’s share price rose 12.5% during trading on Wednesday . The stock traded as high as $5.35 and last traded at $5.05, approximately 13,265,159 shares traded hands during mid-day trading. An increase of 97% from the average daily volume of 6,735,482 shares. The stock had previously closed at $4.49.

WLL has been the topic of several recent research reports. Bank of America lowered shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $11.00 in a research report on Tuesday, September 10th. Morgan Stanley decreased their price objective on shares of Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Raymond James lowered shares of Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $25.00 to $10.00 in a research report on Thursday, October 17th. SunTrust Banks decreased their price objective on shares of Whiting Petroleum to $13.00 and set a “sell” rating on the stock in a research report on Thursday, September 5th. Finally, Seaport Global Securities lowered shares of Whiting Petroleum from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.51.

The company has a market capitalization of $461.07 million, a PE ratio of 2.32 and a beta of 3.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $11.46.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.30). The firm had revenue of $372.89 million during the quarter, compared to analysts’ expectations of $405.25 million. Whiting Petroleum had a net margin of 6.62% and a negative return on equity of 1.90%. Whiting Petroleum’s revenue for the quarter was down 34.2% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that Whiting Petroleum Corp will post -1.09 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Personal Wealth Partners purchased a new position in Whiting Petroleum in the 2nd quarter valued at about $44,000. Public Employees Retirement System of Ohio lifted its holdings in Whiting Petroleum by 58.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after purchasing an additional 3,570 shares in the last quarter. Advisory Services Network LLC purchased a new position in Whiting Petroleum in the 2nd quarter valued at about $87,000. Rational Advisors LLC lifted its holdings in Whiting Petroleum by 782.4% in the 3rd quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock valued at $120,000 after purchasing an additional 13,246 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Whiting Petroleum by 12.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock valued at $191,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Whiting Petroleum Company Profile (NYSE:WLL)

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas 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.

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