An issue of Whiting Petroleum Corporation (NYSE:WLL) bonds rose 3.3% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 5% coupon and will mature on March 15, 2019. The bonds in the issue are now trading at $100.58 and were trading at $99.32 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts recently commented on WLL shares. KLR Group lifted their target price on shares of Whiting Petroleum Corporation from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. R. F. Lafferty lifted their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Citigroup Inc. cut their target price on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Cowen and Company set a $8.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus cut their target price on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Whiting Petroleum Corporation presently has a consensus rating of “Hold” and an average target price of $11.28.

Whiting Petroleum Corporation (NYSE:WLL) traded down 6.13% during trading on Monday, reaching $4.90. 30,025,971 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $5.38 and a 200-day moving average of $8.35. The stock’s market cap is $1.78 billion. Whiting Petroleum Corporation has a 12 month low of $4.81 and a 12 month high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.70) earnings per share. On average, equities research analysts anticipate that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. World Asset Management Inc increased its position in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares during the period. Gotham Asset Management LLC increased its position in shares of Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares during the last quarter. Capital Innovations LLC bought a new position in shares of Whiting Petroleum Corporation during the first quarter valued at $133,000. Koch Industries Inc. bought a new position in shares of Whiting Petroleum Corporation during the first quarter valued at $138,000. Finally, Robecosam AG bought a new position in shares of Whiting Petroleum Corporation during the first quarter valued at $138,000. Institutional investors and hedge funds own 82.63% of the company’s stock.

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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.

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