Whiting Petroleum Corp (NYSE:WLL) Director James E. Catlin sold 8,626 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $50.50, for a total value of $435,613.00. Following the completion of the transaction, the director now directly owns 57,888 shares in the company, valued at $2,923,344. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

WLL opened at $48.06 on Thursday. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -36.69, a price-to-earnings-growth ratio of 2.04 and a beta of 3.01. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.71. Whiting Petroleum Corp has a 12-month low of $17.22 and a 12-month high of $56.47.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. Whiting Petroleum had a positive return on equity of 1.82% and a negative net margin of 58.02%. The firm had revenue of $526.40 million for the quarter, compared to analyst estimates of $505.32 million. During the same quarter last year, the firm posted ($0.18) EPS. The company’s revenue was up 69.0% on a year-over-year basis. research analysts expect that Whiting Petroleum Corp will post 2.9 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Whiting Petroleum by 79.9% during the 2nd quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock worth $696,101,000 after purchasing an additional 5,865,141 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Whiting Petroleum by 16.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,758,914 shares of the oil and gas exploration company’s stock worth $194,882,000 after purchasing an additional 799,728 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Whiting Petroleum by 44.9% during the 1st quarter. Millennium Management LLC now owns 2,130,901 shares of the oil and gas exploration company’s stock worth $72,110,000 after purchasing an additional 659,949 shares in the last quarter. Iridian Asset Management LLC CT acquired a new stake in shares of Whiting Petroleum during the 2nd quarter worth approximately $84,482,000. Finally, Earnest Partners LLC grew its holdings in shares of Whiting Petroleum by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 1,219,938 shares of the oil and gas exploration company’s stock worth $64,315,000 after purchasing an additional 4,611 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors.

WLL has been the topic of a number of recent analyst reports. Robert W. Baird raised their price objective on Whiting Petroleum from $50.00 to $61.00 and gave the company an “outperform” rating in a research note on Sunday, July 29th. Piper Jaffray Companies reissued a “hold” rating and issued a $75.00 price objective on shares of Whiting Petroleum in a research note on Friday, July 20th. SunTrust Banks raised their price objective on Whiting Petroleum to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 5th. Stifel Nicolaus raised their price objective on Whiting Petroleum from $49.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 18th. Finally, R. F. Lafferty raised Whiting Petroleum from a “hold” rating to a “buy” rating and raised their price objective for the company from $42.00 to $56.00 in a research note on Wednesday, September 5th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Whiting Petroleum presently has an average rating of “Buy” and a consensus price target of $49.81.

Whiting Petroleum Company Profile

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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