An issue of Whiting Petroleum Corp (NYSE:WLL) bonds fell 2.4% against their face value during trading on Monday. The debt issue has a 6.625% coupon and is set to mature on January 15, 2026. The bonds in the issue are now trading at $99.00 and were trading at $102.50 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday. Goldman Sachs Group raised shares of Whiting Petroleum from a “sell” rating to a “neutral” rating in a research note on Thursday. Jefferies Group set a $29.00 target price on shares of Whiting Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley lifted their price objective on Whiting Petroleum from $14.40 to $22.00 and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Mizuho set a $32.00 price objective on Whiting Petroleum and gave the company a “hold” rating in a report on Tuesday, January 16th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.28.

Shares of Whiting Petroleum Corp (WLL) traded down $1.23 during trading on Monday, reaching $25.73. 6,333,400 shares of the company’s stock were exchanged, compared to its average volume of 4,470,000. The company has a market capitalization of $2,330.00, a P/E ratio of -3.58 and a beta of 3.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum Corp has a fifty-two week low of $15.88 and a fifty-two week high of $47.00.

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Whiting Petroleum in the fourth quarter worth about $138,000. Aveo Capital Partners LLC bought a new position in Whiting Petroleum in the fourth quarter worth about $306,000. Phoenix Investment Adviser LLC bought a new position in Whiting Petroleum in the fourth quarter worth about $457,000. Alambic Investment Management L.P. bought a new position in Whiting Petroleum in the fourth quarter worth about $466,000. Finally, Shell Asset Management Co. bought a new position in Whiting Petroleum in the third quarter worth about $1,565,000.

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Whiting Petroleum 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.

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