Whiting Petroleum Corporation (NYSE:WLL) gapped down prior to trading on Wednesday . The stock had previously closed at $29.02, but opened at $25.87. Whiting Petroleum Corporation shares last traded at $23.54, with a volume of 7044900 shares.

Several brokerages recently commented on WLL. Piper Jaffray Companies decreased their target price on shares of Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Morgan Stanley downgraded shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $14.00 in a research note on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and issued a $32.00 target price on shares of Whiting Petroleum Corporation in a research note on Sunday, September 17th. Citigroup Inc. decreased their target price on shares of Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum Corporation in a research note on Tuesday, September 19th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Whiting Petroleum Corporation has a consensus rating of “Hold” and an average target price of $36.65.

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. Whiting Petroleum Corporation’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.88) EPS. sell-side analysts predict that Whiting Petroleum Corporation will post -2.44 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of WLL. Prudential Financial Inc. lifted its stake in Whiting Petroleum Corporation by 155.5% during the 1st quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock valued at $878,000 after acquiring an additional 56,500 shares during the period. Principal Financial Group Inc. lifted its stake in Whiting Petroleum Corporation by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 35,718 shares of the oil and gas exploration company’s stock valued at $338,000 after acquiring an additional 2,320 shares during the period. Teachers Advisors LLC lifted its stake in Whiting Petroleum Corporation by 24.4% during the 1st quarter. Teachers Advisors LLC now owns 1,307,775 shares of the oil and gas exploration company’s stock valued at $12,372,000 after acquiring an additional 256,674 shares during the period. Amalgamated Bank lifted its stake in Whiting Petroleum Corporation by 4.3% during the 1st quarter. Amalgamated Bank now owns 27,289 shares of the oil and gas exploration company’s stock valued at $258,000 after acquiring an additional 1,133 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Whiting Petroleum Corporation by 18.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,024,152 shares of the oil and gas exploration company’s stock valued at $9,689,000 after acquiring an additional 156,586 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Whiting Petroleum Corporation (WLL) Shares Gap Down to $25.87” was published by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/11/17/whiting-petroleum-corporation-wll-shares-gap-down-to-25-87.html.

Whiting Petroleum Corporation 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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Receive News & Ratings for Whiting Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.