Whiting Petroleum (NYSE:WLL) Hits New 12-Month Low at $16.65

Whiting Petroleum Corp (NYSE:WLL) hit a new 52-week low on Wednesday . The stock traded as low as $16.65 and last traded at $16.66, with a volume of 295277 shares traded. The stock had previously closed at $17.42.

WLL has been the topic of several analyst reports. Imperial Capital reaffirmed an “in-line” rating and issued a $29.00 target price (down from $33.00) on shares of Whiting Petroleum in a research report on Friday, May 3rd. KeyCorp increased their target price on Whiting Petroleum from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Morgan Stanley set a $28.00 target price on Whiting Petroleum and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered Whiting Petroleum from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Saturday, May 11th. Finally, ValuEngine lowered Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Whiting Petroleum has a consensus rating of “Buy” and an average price target of $45.86.

The company has a market cap of $1.63 billion, a price-to-earnings ratio of 7.79 and a beta of 3.06. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.68.

Whiting Petroleum (NYSE:WLL) last announced its earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The firm had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. During the same period in the prior year, the business earned $0.92 EPS. The company’s quarterly revenue was down 24.4% compared to the same quarter last year. Sell-side analysts predict that Whiting Petroleum Corp will post 1.52 earnings per share for the current fiscal year.

In related news, insider Peter Hagist sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the transaction, the insider now owns 43,930 shares of the company’s stock, valued at $1,106,596.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. boosted its position in shares of Whiting Petroleum by 89.9% in the 1st quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 517 shares during the period. Rational Advisors LLC boosted its position in shares of Whiting Petroleum by 808.2% in the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,188 shares during the period. Ffcm LLC boosted its position in shares of Whiting Petroleum by 72.2% in the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 570 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Whiting Petroleum by 78.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 979 shares during the period. Finally, LS Investment Advisors LLC acquired a new position in shares of Whiting Petroleum in the 1st quarter valued at $70,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

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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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