Whiting Petroleum Corp. (WLL) Bonds Drop 0.8% During Trading
An issue of Whiting Petroleum Corp. (NYSE:WLL) debt fell 0.8% as a percentage of its face value during trading on Monday. The debt issue has a 5% coupon and is set to mature on March 15, 2019. The bonds in the issue are now trading at $98.50 and were trading at $96.25 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
A number of equities research analysts have recently commented on WLL shares. FBR & Co reaffirmed a “marketperform” rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Vetr raised shares of Whiting Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $9.80 target price for the company in a report on Monday, October 17th. KLR Group upped their target price on shares of Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, October 31st. SunTrust Banks Inc. set a $20.00 target price on shares of Whiting Petroleum Corp. and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday, August 14th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Whiting Petroleum Corp. has an average rating of “Hold” and an average price target of $12.07.
Whiting Petroleum Corp. (NYSE:WLL) opened at 9.38 on Wednesday. The firm’s 50-day moving average is $8.85 and its 200-day moving average is $9.06. The stock’s market cap is $2.63 billion. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $17.04.
Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The business earned $129.23 million during the quarter, compared to analyst estimates of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s revenue for the quarter was down 74.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS. On average, analysts forecast that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Clinton Group Inc. acquired a new position in shares of Whiting Petroleum Corp. during the third quarter valued at about $102,000. Moors & Cabot Inc. boosted its position in shares of Whiting Petroleum Corp. by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc acquired a new position in shares of Whiting Petroleum Corp. during the third quarter valued at about $110,000. Investors Capital Advisory Services acquired a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $113,000. Finally, Comerica Bank boosted its position in shares of Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 709 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.
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Whiting Petroleum Corp. Company Profile
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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