Whiting Petroleum (NYSE:WLL) Hits New 12-Month Low at $5.96

Whiting Petroleum Corp (NYSE:WLL) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.96 and last traded at $6.02, with a volume of 563109 shares changing hands. The stock had previously closed at $6.02.

A number of analysts have issued reports on WLL shares. Imperial Capital reissued an “in-line” rating and issued a $10.00 target price (down previously from $15.00) on shares of Whiting Petroleum in a research report on Thursday, November 7th. Stephens lowered Whiting Petroleum from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $24.00 to $14.00 in a research report on Monday, August 19th. Raymond James lowered Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $25.00 to $10.00 in a research report on Thursday, October 17th. Credit Suisse Group lowered Whiting Petroleum from a “neutral” rating to an “underperform” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Co cut their target price on Whiting Petroleum from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.59.

The company’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $13.21. The firm has a market cap of $577.93 million, a price-to-earnings ratio of 2.69 and a beta of 3.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.30). The business had revenue of $372.89 million during the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The business’s revenue was down 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts forecast that Whiting Petroleum Corp will post -1.01 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Investors Research Corp grew its stake in shares of Whiting Petroleum by 113.3% during the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 850 shares in the last quarter. Personal Wealth Partners acquired a new position in shares of Whiting Petroleum during the second quarter worth $44,000. Advisory Services Network LLC acquired a new position in shares of Whiting Petroleum during the second quarter worth $87,000. Enlightenment Research LLC acquired a new position in shares of Whiting Petroleum during the second quarter worth $252,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Whiting Petroleum during the second quarter worth $235,000.

About Whiting Petroleum (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.

Featured Article: What are the components of an earnings report?

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.