An issue of Whiting Petroleum Corporation (NYSE:WLL) debt fell 1.1% against its face value during trading on Monday. The high-yield issue of debt has a 5.75% coupon and is set to mature on March 15, 2021. The bonds in the issue are now trading at $96.38 and were trading at $98.00 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of brokerages have issued reports on WLL. BMO Capital Markets reissued a “hold” rating and issued a $10.00 price target on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. ValuEngine downgraded Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Jefferies Group LLC began coverage on Whiting Petroleum Corporation in a report on Monday. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus cut their price objective on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corporation presently has a consensus rating of “Hold” and an average price target of $10.38.

Shares of Whiting Petroleum Corporation (WLL) traded up 1.92% on Monday, hitting $5.30. The stock had a trading volume of 13,152,505 shares. The firm’s 50-day moving average is $4.82 and its 200 day moving average is $6.39. Whiting Petroleum Corporation has a 1-year low of $3.97 and a 1-year high of $13.39. The stock’s market cap is $1.92 billion.

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 for the quarter, topping the consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations 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 revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.70) EPS. Equities analysts forecast that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

A number of institutional investors have recently bought and sold shares of WLL. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at approximately $102,000. Campbell & CO Investment Adviser LLC raised its holdings in Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 3,988 shares in the last quarter. World Asset Management Inc raised its holdings in Whiting Petroleum Corporation by 4.7% in the 1st quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after acquiring an additional 570 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at approximately $121,000. Finally, Gotham Asset Management LLC raised its holdings in Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after acquiring an additional 2,566 shares in the last quarter. 83.18% of the stock is owned by hedge funds and other 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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