Whiting Petroleum Corp (NYSE:WLL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $53.25, but opened at $51.53. Whiting Petroleum shares last traded at $52.01, with a volume of 68181 shares changing hands.

Several research firms have recently weighed in on WLL. Piper Jaffray Companies reiterated a “hold” rating and issued a $75.00 price target on shares of Whiting Petroleum in a report on Friday, July 20th. KLR Group upped their price target on shares of Whiting Petroleum to $64.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a report on Wednesday, June 13th. Morgan Stanley reduced their price target on shares of Whiting Petroleum from $71.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Finally, Susquehanna Bancshares reduced their price target on shares of Whiting Petroleum from $58.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, August 1st. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Whiting Petroleum currently has an average rating of “Buy” and an average price target of $49.81.

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $4.41 billion, a PE ratio of -39.71, a price-to-earnings-growth ratio of 2.09 and a beta of 3.01.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. The firm had revenue of $526.40 million for the quarter, compared to analyst estimates of $505.32 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 69.0% compared to the same quarter last year. equities analysts predict that Whiting Petroleum Corp will post 2.9 EPS for the current fiscal year.

In other Whiting Petroleum news, Director James E. Catlin sold 8,626 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $50.50, for a total transaction of $435,613.00. Following the sale, the director now directly owns 57,888 shares of the company’s stock, valued at $2,923,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Whiting Petroleum by 79.9% in the second quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock valued at $696,101,000 after purchasing an additional 5,865,141 shares during the last quarter. Iridian Asset Management LLC CT acquired a new position in shares of Whiting Petroleum in the second quarter valued at $84,482,000. Earnest Partners LLC increased its holdings in shares of Whiting Petroleum by 2,700,626.7% in the first quarter. Earnest Partners LLC now owns 1,215,327 shares of the oil and gas exploration company’s stock valued at $41,127,000 after purchasing an additional 1,215,282 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Whiting Petroleum in the second quarter valued at $48,052,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Whiting Petroleum by 16.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,758,914 shares of the oil and gas exploration company’s stock valued at $194,882,000 after purchasing an additional 799,728 shares during the last quarter. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

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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