An issue of Whiting Petroleum Corp (NYSE:WLL) debt rose 2.1% as a percentage of its face value during trading on Tuesday after an insider sold shares in the company. The high-yield issue of debt has a 6.625% coupon and is set to mature on January 15, 2026. The bonds in the issue are now trading at $99.80 and were trading at $95.25 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price. Specifically, Director Philip Edward Doty sold 2,500 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.62, for a total transaction of $61,550.00. Following the completion of the sale, the director now directly owns 16,822 shares in the company, valued at $414,157.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Hagist sold 5,000 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the sale, the insider now owns 43,930 shares of the company’s stock, valued at $1,106,596.70. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

WLL has been the subject of several research analyst reports. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Raymond James set a $52.00 target price on shares of Whiting Petroleum and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Robert W. Baird set a $30.00 target price on shares of Whiting Petroleum and gave the company a “buy” rating in a research report on Friday, February 8th. KeyCorp initiated coverage on shares of Whiting Petroleum in a research report on Tuesday, February 12th. They set an “overweight” rating and a $33.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. Whiting Petroleum has a consensus rating of “Buy” and an average price target of $49.44.

The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.26 and a beta of 2.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.58). Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The business had revenue of $473.20 million during the quarter, compared to the consensus estimate of $484.96 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The company’s revenue was down .3% compared to the same quarter last year. As a group, equities analysts forecast that Whiting Petroleum Corp will post 1.26 EPS for the current year.

A number of large investors have recently bought and sold shares of WLL. Commonwealth Bank of Australia raised its holdings in Whiting Petroleum by 455.3% during the 3rd quarter. Commonwealth Bank of Australia now owns 39,150 shares of the oil and gas exploration company’s stock valued at $2,074,000 after buying an additional 32,100 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Whiting Petroleum by 902.8% during the 3rd quarter. Janus Henderson Group PLC now owns 141,400 shares of the oil and gas exploration company’s stock valued at $7,500,000 after buying an additional 127,300 shares during the last quarter. FMR LLC raised its holdings in Whiting Petroleum by 3.3% during the 3rd quarter. FMR LLC now owns 13,645,001 shares of the oil and gas exploration company’s stock valued at $723,731,000 after buying an additional 441,257 shares during the last quarter. Trexquant Investment LP bought a new stake in Whiting Petroleum during the 3rd quarter valued at $4,821,000. Finally, Broadview Advisors LLC raised its holdings in Whiting Petroleum by 2.2% during the 3rd quarter. Broadview Advisors LLC now owns 182,626 shares of the oil and gas exploration company’s stock valued at $9,686,000 after buying an additional 3,900 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

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Whiting Petroleum Company Profile (NYSE:WLL)

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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