The stock of Whiting Petroleum Corp (NYSE:WLL) is a huge mover today! About 12.79 million shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 16.20% since April 13, 2016 and is downtrending. It has underperformed by 20.13% the S&P500.
The move comes after 9 months positive chart setup for the $2.67B company. It was reported on Nov, 15 by Barchart.com. We have $15.26 PT which if reached, will make NYSE:WLL worth $1.79 billion more.
Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage
Out of 29 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 8 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 28% are positive. Whiting Petroleum Corporation has been the topic of 80 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, April 7 by Citigroup. Bank of America downgraded the shares of WLL in a report on Monday, August 24 to “Buy” rating. On Tuesday, June 28 the stock rating was maintained by Wunderlich with “Hold”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, October 13. The stock has “Buy” rating given by Wunderlich on Friday, July 31. Vetr downgraded the shares of WLL in a report on Friday, August 28 to “Strong-Buy” rating. Canaccord Genuity upgraded the stock to “Buy” rating in Monday, August 3 report. The stock has “Neutral” rating given by UBS on Wednesday, January 13. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Neutral” rating by Goldman Sachs on Wednesday, July 6. Credit Suisse maintained the stock with “Neutral” rating in Friday, August 7 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 2016 Q2. 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.
Proshare Advisors Ltd Liability Company has invested 0% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Bancshares has 0.02% invested in the company for 5,550 shares. Trexquant Invest Limited Partnership has 0.49% invested in the company for 404,137 shares. Cramer Rosenthal Mcglynn Lc holds 0.03% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 197,450 shares. Mark Sheptoff Planning Ltd Liability Corporation holds 200 shares or 0% of its portfolio. Aberdeen Asset Mgmt Public Limited Co Uk holds 104,183 shares or 0% of its portfolio. Aperio Group Inc Ltd Liability Co accumulated 0.01% or 130,101 shares. The New York-based Citigroup has invested 0% in Whiting Petroleum Corp (NYSE:WLL). The New York-based Ibm Retirement Fund has invested 0.01% in Whiting Petroleum Corp (NYSE:WLL). Commerzbank Aktiengesellschaft Fi has 71,286 shares for 0% of their US portfolio. Cetera Advsrs Ltd Liability holds 0.02% or 21,431 shares in its portfolio. Kcg Hldgs Incorporated, a New Jersey-based fund reported 153,700 shares. Ubs Asset Management Americas Inc owns 543,545 shares or 0.01% of their US portfolio. Engineers Gate Manager Limited Partnership last reported 90,400 shares in the company. Castleark Mngmt Ltd Liability Co last reported 0.24% of its portfolio in the stock.
Another recent and important Whiting Petroleum Corp (NYSE:WLL) news was published by Forbes.com which published an article titled: “Could Whiting Petroleum Reemerge As A Takeover Target?” on October 27, 2016.
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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