An issue of Whiting Petroleum Corp. (NYSE:WLL) debt rose 1.3% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 6.25% coupon and will mature on April 1, 2023. The bonds in the issue are now trading at $87.00 and were trading at $90.00 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

WLL has been the topic of a number of recent analyst reports. FBR & Co reiterated a “marketperform” rating on shares of Whiting Petroleum Corp. in a research report on Monday, September 12th. Canaccord Genuity restated a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a research note on Friday, July 29th. Wunderlich raised their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Cantor Fitzgerald restated a “hold” rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. Finally, Citigroup Inc. lowered their target price on Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.36.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 6.97 on Tuesday. The firm’s 50-day moving average price is $7.57 and its 200-day moving average price is $9.32. The stock’s market capitalization is $1.92 billion. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $22.80.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.18. The company had revenue of $339.58 million for the quarter, compared to analyst estimates of $374.83 million. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. Whiting Petroleum Corp.’s revenue for the quarter was down 42.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. On average, equities research analysts forecast that Whiting Petroleum Corp. will post ($2.03) EPS for the current year.

Large investors have recently made changes to their positions in the company. Investment Centers of America Inc. increased its stake in shares of Whiting Petroleum Corp. by 2.6% in the second quarter. Investment Centers of America Inc. now owns 28,472 shares of the oil and gas exploration company’s stock valued at $262,000 after buying an additional 720 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Whiting Petroleum Corp. by 25.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 611,054 shares of the oil and gas exploration company’s stock valued at $5,659,000 after buying an additional 123,992 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Whiting Petroleum Corp. by 16.7% in the second quarter. Stifel Financial Corp now owns 59,192 shares of the oil and gas exploration company’s stock valued at $549,000 after buying an additional 8,451 shares in the last quarter. Amalgamated Bank increased its stake in shares of Whiting Petroleum Corp. by 3.5% in the second quarter. Amalgamated Bank now owns 22,585 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 766 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Whiting Petroleum Corp. by 70.8% in the second quarter. Legal & General Group Plc now owns 422,910 shares of the oil and gas exploration company’s stock valued at $3,910,000 after buying an additional 175,268 shares in the last quarter. 78.66% of the stock is currently owned by institutional investors.

Whiting Petroleum Corp. 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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