The stock of Whiting Petroleum Corp (NYSE:WLL) is a huge mover today! About 14.16M shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has risen 63.08% since March 2, 2016 and is uptrending. It has outperformed by 54.82% the S&P500.
The move comes after 8 months positive chart setup for the $2.34 billion company. It was reported on Oct, 5 by Barchart.com. We have $13.01 PT which if reached, will make NYSE:WLL worth $1.08B more.
Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on October, 26. They expect $-0.31 EPS, down 82.35% or $0.14 from last year’s $-0.17 per share. After $-0.70 actual EPS reported by Whiting Petroleum Corp for the previous quarter, Wall Street now forecasts -55.71% EPS growth.
Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage
Out of 27 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 7 rate it a “Buy”, 3 “Sell”, while 17 “Hold”. This means 26% are positive. Whiting Petroleum Corporation has been the topic of 78 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating given on Tuesday, January 12 by Morgan Stanley. The stock has “Equalweight” rating given by Barclays Capital on Thursday, July 14. As per Monday, September 14, the company rating was maintained by Citigroup. The company was downgraded on Thursday, April 28 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, April 7 by Citigroup. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. UBS downgraded it to “Neutral” rating and $7 target price in Wednesday, January 13 report. Morgan Stanley upgraded the shares of WLL in a report on Friday, June 24 to “Equalweight” rating. The rating was upgraded by Canaccord Genuity to “Buy” on Monday, August 3. The stock has “Sell” rating given by TheStreet on Tuesday, August 4.
According to Zacks Investment Research, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange.”
Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.34, from 0.65 in 2016Q1. The ratio increased, as 47 funds sold all Whiting Petroleum Corp shares owned while 91 reduced positions. 51 funds bought stakes while 85 increased positions. They now own 204.62 million shares or 15.59% more from 177.01 million shares in 2016Q1.
Nomura Incorporated accumulated 7,600 shares or 0% of the stock. Third Point Limited Liability holds 0.72% or 8.20M shares in its portfolio. The France-based Bnp Paribas Inv Sa has invested 0.08% in Whiting Petroleum Corp (NYSE:WLL). Next Financial Group Inc Inc holds 0% or 400 shares in its portfolio. Rmb Capital Mngmt Lc accumulated 0.05% or 110,500 shares. Tower Research Lc (Trc), a New York-based fund reported 234 shares. Stevens Mgmt Lp accumulated 11,234 shares or 0% of the stock. Key Gp (Cayman) has 5.81% invested in the company for 7.19M shares. Ibm Retirement Fund, a New York-based fund reported 20,354 shares. Gamco Investors Et Al has 193,450 shares for 0.01% of their US portfolio. The New York-based Edge Wealth Mgmt Ltd has invested 0% in Whiting Petroleum Corp (NYSE:WLL). Jump Trading has 10,662 shares for 0% of their US portfolio. The Colorado-based Cetera Advsrs Lc has invested 0.02% in Whiting Petroleum Corp (NYSE:WLL). Moreover, Grt Cap Prns has 1.62% invested in Whiting Petroleum Corp (NYSE:WLL) for 705,025 shares. Bluemountain Ltd Liability accumulated 24,921 shares or 0.01% of the stock.
Insider Transactions: Since May 3, 2016, the stock had 1 insider purchase, and 0 selling transactions for $102,980 net activity. 10,000 Whiting Petroleum Corp (NYSE:WLL) shares with value of $102,980 were bought by VOLKER JAMES J.
More news for Whiting Petroleum Corp (NYSE:WLL) were recently published by: Fool.com, which released: “OPEC and Analysts Send Whiting Petroleum Corp.’s Stock Up 22.9% in September” on October 05, 2016. Seekingalpha.com‘s article titled: “Looking At Whiting Petroleum Again” and published on September 24, 2016 is yet another important article.
WLL Company Profile
Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent gas and oil company. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company’s estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Firm has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.
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