An issue of Whiting Petroleum Corporation (NYSE:WLL) bonds fell 1.2% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 5% coupon and will mature on March 15, 2019. The debt is now trading at $99.38 and was trading at $99.00 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

WLL has been the topic of several analyst reports. Zacks Investment Research upgraded Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. KLR Group upped their target price on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, May 1st. BidaskClub upgraded Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Bank of America Corporation began coverage on Whiting Petroleum Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price target on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and set a $15.00 price target on shares of Whiting Petroleum Corporation in a research report on Monday, May 8th. 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 assigned a strong buy rating to the company. Whiting Petroleum Corporation presently has an average rating of “Hold” and a consensus price target of $11.28.

Shares of Whiting Petroleum Corporation (NYSE:WLL) traded down 0.82% on Tuesday, reaching $4.86. 18,899,203 shares of the company traded hands. Whiting Petroleum Corporation has a 1-year low of $4.80 and a 1-year high of $13.39. The firm’s market capitalization is $1.76 billion. The stock has a 50-day moving average price of $5.30 and a 200 day moving average price of $8.28.

Whiting Petroleum Corporation (NYSE:WLL) last posted its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. Whiting Petroleum Corporation’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company posted ($0.70) earnings per share. Analysts anticipate that Whiting Petroleum Corporation will post ($0.71) EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after buying an additional 6,211,479 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Whiting Petroleum Corporation by 10.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock worth $171,012,000 after buying an additional 1,676,942 shares during the last quarter. Caymus Capital Partners L.P. boosted its position in shares of Whiting Petroleum Corporation by 55.9% in the second quarter. Caymus Capital Partners L.P. now owns 3,724,500 shares of the oil and gas exploration company’s stock worth $20,522,000 after buying an additional 1,335,900 shares during the last quarter. Finally, Snow Capital Management LP boosted its position in shares of Whiting Petroleum Corporation by 25.4% in the first quarter. Snow Capital Management LP now owns 3,556,529 shares of the oil and gas exploration company’s stock worth $33,645,000 after buying an additional 720,777 shares during the last quarter. 82.63% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/08/whiting-petroleum-corporation-nysewll-bond-prices-fall-1-2-updated-updated-updated.html.

About Whiting Petroleum Corporation

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 & Stock 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 stocks with our FREE daily email newsletter.