Whiting Petroleum (NYSE:WLL) Trading Down 6.9%

Whiting Petroleum Corp (NYSE:WLL) traded down 6.9% on Friday . The company traded as low as $5.76 and last traded at $5.91, 15,065,422 shares were traded during trading. An increase of 121% from the average session volume of 6,827,245 shares. The stock had previously closed at $6.35.

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $10.50 in a research report on Monday, September 23rd. Piper Jaffray Companies reduced their price target on shares of Whiting Petroleum from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, September 30th. SunTrust Banks reduced their price target on shares of Whiting Petroleum to $13.00 and set a “sell” rating on the stock in a research report on Thursday, September 5th. Scotiabank cut shares of Whiting Petroleum from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 19th. Finally, ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.71.

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44. The firm’s 50 day simple moving average is $6.05 and its 200-day simple moving average is $10.64.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.30). The firm had revenue of $372.89 million for the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The firm’s revenue for the quarter was down 34.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Equities research analysts anticipate that Whiting Petroleum Corp will post -1.08 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in WLL. Public Employees Retirement System of Ohio increased its stake in shares of Whiting Petroleum by 58.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock worth $78,000 after purchasing an additional 3,570 shares during the last quarter. Advisory Services Network LLC acquired a new position in Whiting Petroleum in the 2nd quarter valued at about $87,000. Rational Advisors LLC grew its stake in Whiting Petroleum by 782.4% in the 3rd quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 13,246 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Whiting Petroleum by 12.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 2,679 shares during the last quarter. Finally, Brave Asset Management Inc. acquired a new position in Whiting Petroleum in the 3rd quarter valued at about $204,000. Institutional investors own 99.61% of the company’s stock.

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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