Whiting Petroleum Corporation (WLL) Trading Down 5.3%

Whiting Petroleum Corporation (NYSE:WLL) traded down 5.3% on Monday . The stock traded as low as $21.63 and last traded at $21.80. 6,668,026 shares were traded during trading, an increase of 42% from the average session volume of 4,700,945 shares. The stock had previously closed at $23.02.

Several equities research analysts have recently weighed in on the company. Barclays PLC raised their target price on Whiting Petroleum Corporation from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday. Piper Jaffray Companies cut their price target on Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Morgan Stanley lowered Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and set a $32.00 price target on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Finally, BMO Capital Markets set a $24.00 price target on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Whiting Petroleum Corporation has a consensus rating of “Hold” and a consensus price target of $36.62.

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The firm had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. Whiting Petroleum Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.88) earnings per share. analysts anticipate that Whiting Petroleum Corporation will post -2.43 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Davidson Kempner Capital Management LP acquired a new stake in shares of Whiting Petroleum Corporation during the 2nd quarter worth approximately $8,265,000. Marshall Wace North America L.P. acquired a new stake in shares of Whiting Petroleum Corporation during the 2nd quarter worth approximately $1,268,000. Stephens Inc. AR raised its position in shares of Whiting Petroleum Corporation by 684.7% during the 2nd quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock worth $3,612,000 after purchasing an additional 571,993 shares during the period. Shell Asset Management Co. acquired a new stake in shares of Whiting Petroleum Corporation during the 3rd quarter worth approximately $1,565,000. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Whiting Petroleum Corporation by 10.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 54,322 shares of the oil and gas exploration company’s stock worth $299,000 after purchasing an additional 4,930 shares during the period.

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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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