Whiting Petroleum (NYSE:WLL) Shares Gap Down to $9.52

Whiting Petroleum Corp (NYSE:WLL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.77, but opened at $9.52. Whiting Petroleum shares last traded at $9.04, with a volume of 4,361,068 shares traded.

WLL has been the subject of several research reports. Raymond James decreased their price target on shares of Whiting Petroleum from $35.00 to $25.00 and set a “strong-buy” rating for the company in a research note on Monday, August 5th. Oppenheimer lowered shares of Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Whiting Petroleum from a “hold” rating to a “strong sell” rating and set a $7.00 price target for the company. in a research note on Friday, August 16th. LADENBURG THALM/SH SH lowered shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $20.00 in a research note on Thursday, August 1st. Finally, Wells Fargo & Co lowered shares of Whiting Petroleum from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $12.00 to $11.00 in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.76.

The firm has a market capitalization of $851.83 million, a P/E ratio of 4.04 and a beta of 3.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The business’s 50 day simple moving average is $8.26 and its two-hundred day simple moving average is $18.27.



Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.52). The firm had revenue of $426.26 million for the quarter, compared to the consensus estimate of $452.02 million. Whiting Petroleum had a net margin of 13.51% and a return on equity of 0.96%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. Analysts predict that Whiting Petroleum Corp will post -0.22 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in WLL. AQR Capital Management LLC increased its stake in Whiting Petroleum by 183.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock valued at $45,229,000 after purchasing an additional 1,596,609 shares in the last quarter. Macquarie Group Ltd. increased its stake in Whiting Petroleum by 158.9% during the 2nd quarter. Macquarie Group Ltd. now owns 2,078,824 shares of the oil and gas exploration company’s stock valued at $38,833,000 after purchasing an additional 1,275,916 shares in the last quarter. Victory Capital Management Inc. increased its stake in Whiting Petroleum by 13,495.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock valued at $20,054,000 after purchasing an additional 1,065,633 shares in the last quarter. Principal Financial Group Inc. increased its stake in Whiting Petroleum by 190.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock valued at $29,644,000 after purchasing an additional 743,087 shares in the last quarter. Finally, Perella Weinberg Partners Capital Management LP increased its stake in Whiting Petroleum by 216.3% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 747,239 shares of the oil and gas exploration company’s stock valued at $13,958,000 after purchasing an additional 510,984 shares in the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

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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