Whiting Petroleum Corp (NYSE:WLL) rose 0.4% during trading on Friday . The stock traded as high as $28.94 and last traded at $28.38. Approximately 5,641,526 shares traded hands during trading, an increase of 10% from the average daily volume of 5,127,420 shares. The stock had previously closed at $28.26.
WLL has been the subject of several recent research reports. Stifel Nicolaus set a $40.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum and gave the stock a “sell” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. decreased their target price on shares of Whiting Petroleum from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.28.
The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2,560.00, a P/E ratio of -2.23 and a beta of 3.33.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.13. The firm had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.76%. The company’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.28) earnings per share. research analysts forecast that Whiting Petroleum Corp will post -0.75 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLL. Northern Trust Corp boosted its stake in Whiting Petroleum by 39.1% in the second quarter. Northern Trust Corp now owns 1,754,969 shares of the oil and gas exploration company’s stock valued at $9,670,000 after acquiring an additional 493,378 shares during the last quarter. California State Teachers Retirement System boosted its stake in Whiting Petroleum by 60.8% in the second quarter. California State Teachers Retirement System now owns 663,359 shares of the oil and gas exploration company’s stock valued at $3,655,000 after acquiring an additional 250,875 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Whiting Petroleum by 75.5% in the second quarter. Public Employees Retirement System of Ohio now owns 159,990 shares of the oil and gas exploration company’s stock valued at $882,000 after acquiring an additional 68,808 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Whiting Petroleum by 19.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 46,738 shares of the oil and gas exploration company’s stock valued at $258,000 after purchasing an additional 7,742 shares during the period. Finally, Shell Asset Management Co. bought a new stake in shares of Whiting Petroleum in the third quarter valued at approximately $1,565,000.
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About Whiting Petroleum
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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