Whiting Petroleum Corporation (WLL) Lowered to “Strong Sell” at ValuEngine
Whiting Petroleum Corporation (NYSE:WLL) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Bank of America Corporation assumed coverage on shares of Whiting Petroleum Corporation in a research note on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price objective on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Whiting Petroleum Corporation in a research note on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $11.50 to $7.25 in a research note on Tuesday, May 30th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Whiting Petroleum Corporation has an average rating of “Hold” and an average price target of $11.28.
Whiting Petroleum Corporation (NYSE WLL) traded up 2.46% during midday trading on Friday, hitting $4.58. The stock had a trading volume of 12,206,449 shares. Whiting Petroleum Corporation has a 52 week low of $4.18 and a 52 week high of $13.39. The stock’s 50 day moving average price is $4.80 and its 200-day moving average price is $7.30. The company’s market cap is $1.66 billion. Whiting Petroleum Corporation also was the target of some unusual options trading activity on Wednesday. Traders acquired 1,246 put options on the company. This is an increase of approximately 159% compared to the average volume of 482 put options.
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, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.70) earnings per share. Equities research analysts predict that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Chicago Equity Partners LLC purchased a new stake in Whiting Petroleum Corporation during the second quarter valued at $102,000. Campbell & CO Investment Adviser LLC raised its stake in Whiting Petroleum Corporation by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 3,988 shares during the period. World Asset Management Inc raised its stake in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 570 shares during the period. Palisade Capital Management LLC NJ purchased a new stake in Whiting Petroleum Corporation during the second quarter valued at $121,000. Finally, Gotham Asset Management LLC raised its stake in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares during the period. Institutional investors own 83.96% of the company’s stock.
About Whiting Petroleum Corporation
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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