An issue of Whiting Petroleum Corporation (NYSE:WLL) debt rose 1.3% against its face value during trading on Tuesday. The high-yield issue of debt has a 5% coupon and is set to mature on March 15, 2019. The bonds in the issue are now trading at $99.50 and were trading at $99.00 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

A number of research analysts have issued reports on the company. BMO Capital Markets set a $10.00 target price on Whiting Petroleum Corporation and gave the company a “hold” rating in a research note on Monday, May 15th. FBR & Co decreased their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research note on Wednesday, May 10th. Iberia Capital reissued a “sector perform” rating and issued a $10.00 target price on shares of Whiting Petroleum Corporation in a research note on Friday, May 12th. KLR Group boosted their target price on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $15.00 target price on shares of Whiting Petroleum Corporation in a research note on Monday, May 8th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.28.

Whiting Petroleum Corporation (WLL) traded up 1.53% during mid-day trading on Tuesday, reaching $4.66. The company’s stock had a trading volume of 20,194,643 shares. The firm has a 50 day moving average price of $5.15 and a 200 day moving average price of $7.86. The company’s market cap is $1.69 billion. Whiting Petroleum Corporation has a 52-week low of $4.47 and a 52-week high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The company had revenue of $311.50 million for 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 revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.70) EPS. Equities research analysts anticipate that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Swiss National Bank boosted its stake in Whiting Petroleum Corporation by 3.5% in the first quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock worth $4,432,000 after buying an additional 15,800 shares during the period. Brave Asset Management Inc. raised its position in Whiting Petroleum Corporation by 26.4% in the first quarter. Brave Asset Management Inc. now owns 27,050 shares of the oil and gas exploration company’s stock worth $256,000 after buying an additional 5,650 shares in the last quarter. Henderson Group PLC raised its position in Whiting Petroleum Corporation by 30.4% in the first quarter. Henderson Group PLC now owns 990,267 shares of the oil and gas exploration company’s stock worth $9,368,000 after buying an additional 230,974 shares in the last quarter. Carl Domino Inc raised its position in Whiting Petroleum Corporation by 18.8% in the first quarter. Carl Domino Inc now owns 19,000 shares of the oil and gas exploration company’s stock worth $180,000 after buying an additional 3,000 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its position in Whiting Petroleum Corporation by 119.2% in the first quarter. Caymus Capital Partners L.P. now owns 2,388,600 shares of the oil and gas exploration company’s stock worth $22,596,000 after buying an additional 1,299,100 shares in the last quarter. 83.22% of the stock is currently owned by institutional investors.

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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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