The stock of Whiting Petroleum Corp (NYSE:WLL) is a huge mover today! About 8.38 million shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 3.69% since March 16, 2016 and is downtrending. It has underperformed by 9.23% the S&P500.
The move comes after 6 months positive chart setup for the $2.42B company. It was reported on Oct, 19 by Barchart.com. We have $11.25 PT which if reached, will make NYSE:WLL worth $653.40 million more.
Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on October, 26. They expect $-0.31 earnings per share, down 82.35% or $0.14 from last year’s $-0.17 per share. After $-0.70 actual earnings per share reported by Whiting Petroleum Corp for the previous quarter, Wall Street now forecasts -55.71% EPS growth.
Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage
Out of 28 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 7 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 25% are positive. Whiting Petroleum Corporation has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Cantor Fitzgerald given on Tuesday, April 26. The stock of Whiting Petroleum Corp (NYSE:WLL) has “Strong-Buy” rating given on Friday, August 28 by Vetr. The company was downgraded on Wednesday, January 13 by UBS. The rating was downgraded by Sterne Agee CRT to “Neutral” on Friday, April 29. The firm has “Underperform” rating by CLSA given on Monday, August 10. Wunderlich maintained Whiting Petroleum Corp (NYSE:WLL) on Friday, July 31 with “Buy” rating. The firm earned “Buy” rating on Monday, September 14 by Citigroup. Citigroup maintained Whiting Petroleum Corp (NYSE:WLL) on Thursday, April 7 with “Buy” rating. The stock has “Hold” rating given by Wunderlich on Tuesday, June 28. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, July 13 report.
According to Zacks Investment Research, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange.”
Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.34, from 0.65 in 2016Q1. The ratio is positive, as 47 funds sold all Whiting Petroleum Corp shares owned while 91 reduced positions. 51 funds bought stakes while 85 increased positions. They now own 204.62 million shares or 15.59% more from 177.01 million shares in 2016Q1.
Rnc Cap Ltd Com holds 22,681 shares or 0.02% of its portfolio. Dimensional Fund Advsrs L P holds 0.03% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 4.74M shares. Alliancebernstein Lp holds 0.01% or 1.54M shares in its portfolio. Jefferies Group Inc Lc holds 70,000 shares or 0% of its portfolio. Whittier Trust Of Nevada last reported 261 shares in the company. Jpmorgan Chase And holds 0% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 6,693 shares. Hl Fincl Ltd Company holds 12,010 shares or 0% of its portfolio. Scepter Holdings holds 0.13% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 43,810 shares. Carlson Ltd Partnership holds 0.05% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 400,000 shares. Visium Asset Limited Partnership holds 289,204 shares or 0.19% of its portfolio. Trexquant L P last reported 404,137 shares in the company. Leavell Investment Mgmt Incorporated reported 10,100 shares or 0.01% of all its holdings. Investec Asset Mgmt North America reported 262,538 shares or 0.36% of all its holdings. Prudential Fin has 0% invested in the company for 25,439 shares. Architects Inc holds 0.01% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 4,550 shares.
Insider Transactions: Since May 3, 2016, the stock had 1 insider purchase, and 0 insider sales for $102,980 net activity. On Tuesday, May 3 the insider VOLKER JAMES J bought $102,980.
More news for Whiting Petroleum Corp (NYSE:WLL) were recently published by: Fool.com, which released: “OPEC and Analysts Send Whiting Petroleum Corp.’s Stock Up 22.9% in September” on October 05, 2016. Businesswire.com‘s article titled: “Whiting Petroleum Corporation Announces Third Quarter 2016 Earnings Release …” and published on October 10, 2016 is yet another important article.
WLL Company Profile
Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent gas and oil company. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company’s estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Firm has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.
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