Whiting Petroleum Corporation (NYSE:WLL)’s share price fell 1.8% during mid-day trading on Monday . The company traded as low as $3.97 and last traded at $4.07. 7,995,087 shares were traded during mid-day trading, a decline of 62% from the average session volume of 21,272,500 shares. The stock had previously closed at $4.00.
A number of brokerages have issued reports on WLL. BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 target price on shares of Whiting Petroleum Corporation in a report on Thursday, June 22nd. ValuEngine cut Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research cut Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Stifel Nicolaus lowered their target price on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) cut Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $11.50 to $7.25 in a report on Tuesday, May 30th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.28.
The stock has a 50-day moving average of $4.67 and a 200 day moving average of $6.99. The stock’s market cap is $1.61 billion.
Whiting Petroleum Corporation (NYSE:WLL) last posted its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. During the same quarter in the prior year, the business earned ($0.70) EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors lifted its position in Whiting Petroleum Corporation by 14.7% in the 1st quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Whiting Petroleum Corporation by 21.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company’s stock valued at $241,000 after acquiring an additional 4,469 shares in the last quarter. Swiss National Bank lifted its position in Whiting Petroleum Corporation by 3.5% in the 1st quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock valued at $4,432,000 after acquiring an additional 15,800 shares in the last quarter. World Asset Management Inc lifted its position in Whiting Petroleum Corporation by 4.7% in 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, Karp Capital Management Corp bought a new position in Whiting Petroleum Corporation in the 1st quarter valued at approximately $1,090,000. 83.96% of the stock is currently owned by hedge funds and other institutional investors.
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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