An issue of Whiting Petroleum Corp. (NYSE:WLL) bonds fell 0.8% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 5.75% coupon and will mature on March 15, 2021. The bonds in the issue are now trading at $97.00 and were trading at $94.47 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its share price.

Several research analysts have commented on WLL shares. FBR & Co restated a “marketperform” rating on shares of Whiting Petroleum Corp. in a research report on Monday, September 12th. Vetr upgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $9.80 price objective for the company in a research report on Monday, October 17th. KLR Group boosted their price objective on shares of Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, October 31st. Canaccord Genuity restated a “buy” rating and set a $13.00 price objective on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Finally, Wunderlich boosted their price objective on shares of Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Two investment 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.07.

Whiting Petroleum Corp. (NYSE:WLL) traded down 2.61% on Friday, reaching $10.06. 8,525,326 shares of the company traded hands. The stock’s 50-day moving average is $8.81 and its 200-day moving average is $9.09. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $17.04. The stock’s market capitalization is $2.82 billion.

Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. During the same period in the previous year, the firm earned ($0.17) EPS. The company’s revenue was down 74.6% on a year-over-year basis. Equities research analysts expect that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.

Large investors have recently bought and sold shares of the company. Palisade Capital Management LLC NJ purchased a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $167,000. Investors Capital Advisory Services purchased a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $113,000. Putnam FL Investment Management Co. boosted its position in shares of Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 200 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $144,000. Finally, William Blair Investment Management LLC boosted its position in shares of Whiting Petroleum Corp. by 161.8% in the second quarter. William Blair Investment Management LLC now owns 35,743 shares of the oil and gas exploration company’s stock valued at $331,000 after buying an additional 22,088 shares during the period. 74.21% of the stock is currently owned by institutional investors and hedge funds.

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About Whiting Petroleum Corp.

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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