Shares of Whiting Petroleum Corp (NYSE:WLL) gapped down prior to trading on Thursday . The stock had previously closed at $21.68, but opened at $20.94. Whiting Petroleum shares last traded at $19.32, with a volume of 6431166 shares.
A number of analysts have issued reports on WLL shares. Wells Fargo & Co cut their target price on Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, March 13th. Morgan Stanley set a $43.00 target price on Whiting Petroleum and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Citigroup cut their target price on Whiting Petroleum from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, March 12th. ValuEngine raised Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Finally, KeyCorp raised their target price on Whiting Petroleum from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.86.
The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $1.76 billion, a PE ratio of 8.83 and a beta of 2.94.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The business had revenue of $389.50 million for the quarter, compared to analyst estimates of $421.43 million. Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The firm’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. As a group, research analysts anticipate that Whiting Petroleum Corp will post 1.64 EPS for the current year.
In related news, insider Peter Hagist sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares of the company’s stock, valued at approximately $1,106,596.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the sale, the director now directly owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its position in shares of Whiting Petroleum by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 9,462,009 shares of the oil and gas exploration company’s stock worth $501,865,000 after purchasing an additional 373,404 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whiting Petroleum by 21.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,788,820 shares of the oil and gas exploration company’s stock valued at $151,320,000 after acquiring an additional 1,036,207 shares during the period. Deutsche Bank AG boosted its holdings in Whiting Petroleum by 71.3% during the 4th quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock valued at $57,280,000 after acquiring an additional 1,051,214 shares during the period. GMT Capital Corp boosted its holdings in Whiting Petroleum by 2.3% during the 1st quarter. GMT Capital Corp now owns 1,903,395 shares of the oil and gas exploration company’s stock valued at $49,755,000 after acquiring an additional 41,900 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Whiting Petroleum by 77.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,630,865 shares of the oil and gas exploration company’s stock valued at $42,631,000 after acquiring an additional 709,300 shares during the period. 99.69% of the stock is owned by hedge funds and other institutional investors.
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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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