Investors Sell Whiting Petroleum (WLL) on Strength (WLL)

Investors sold shares of Whiting Petroleum Corp (NYSE:WLL) on strength during trading on Friday. $24.89 million flowed into the stock on the tick-up and $321.26 million flowed out of the stock on the tick-down, for a money net flow of $296.37 million out of the stock. Of all companies tracked, Whiting Petroleum had the 17th highest net out-flow for the day. Whiting Petroleum traded up $0.31 for the day and closed at $25.52

A number of brokerages recently weighed in on WLL. JPMorgan Chase & Co. set a $26.00 price objective on shares of Whiting Petroleum and gave the company a “hold” rating in a report on Friday, December 7th. Stephens began coverage on shares of Whiting Petroleum in a report on Thursday, December 6th. They issued an “overweight” rating and a $54.00 price objective for the company. Wells Fargo & Co dropped their price objective on shares of Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday. Ifs Securities restated an “outperform” rating on shares of Whiting Petroleum in a report on Sunday, February 3rd. Finally, Zacks Investment Research upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.44.

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 11.71 and a beta of 2.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.58). The company had revenue of $473.20 million for the quarter, compared to analysts’ expectations of $484.96 million. Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. Analysts forecast that Whiting Petroleum Corp will post 1.05 earnings per share for the current year.

In other news, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.62, for a total transaction of $61,550.00. Following the completion of the sale, the director now owns 16,822 shares in the company, valued at approximately $414,157.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of WLL. Virginia Retirement Systems ET AL purchased a new stake in Whiting Petroleum in the 3rd quarter valued at $1,167,000. First Mercantile Trust Co. purchased a new stake in Whiting Petroleum in the 3rd quarter valued at $239,000. Commonwealth Bank of Australia raised its position in Whiting Petroleum by 455.3% in the 3rd quarter. Commonwealth Bank of Australia now owns 39,150 shares of the oil and gas exploration company’s stock valued at $2,074,000 after purchasing an additional 32,100 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Whiting Petroleum in the 3rd quarter valued at $556,000. Finally, Janus Henderson Group PLC raised its position in Whiting Petroleum by 902.8% in the 3rd quarter. Janus Henderson Group PLC now owns 141,400 shares of the oil and gas exploration company’s stock valued at $7,500,000 after purchasing an additional 127,300 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

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About Whiting Petroleum (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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