Today’s Price Action: What Will Happen to Whiting Petroleum Corp Next? The Stock Just Declined A Lot

Today's Price Action: What Will Happen to Whiting Petroleum Corp Next? The Stock Just Declined A Lot

The stock of Whiting Petroleum Corp (NYSE:WLL) is a huge mover today! About 5.04 million shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has risen 12.20% since March 10, 2016 and is uptrending. It has outperformed by 4.68% the S&P500.
The move comes after 7 months negative chart setup for the $2.40B company. It was reported on Oct, 13 by Barchart.com. We have $8.04 PT which if reached, will make NYSE:WLL worth $216.00M less.

Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on October, 26. They expect $-0.31 earnings per share, down 82.35% or $0.14 from last year’s $-0.17 per share. After $-0.70 actual earnings per share 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 28 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 7 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 25% are positive. Whiting Petroleum Corporation has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Neutral” rating and $29 target price in Friday, August 7 report. The firm earned “Sector Perform” rating on Thursday, April 28 by RBC Capital Markets. BMO Capital Markets downgraded the shares of WLL in a report on Tuesday, December 22 to “Market Perform” rating. On Monday, July 18 the stock rating was maintained by Citigroup with “Buy”. Morgan Stanley downgraded Whiting Petroleum Corp (NYSE:WLL) rating on Tuesday, October 13. Morgan Stanley has “Equal-Weight” rating and $23 price target. Citigroup maintained Whiting Petroleum Corp (NYSE:WLL) on Thursday, August 4 with “Buy” rating. CapitalOne downgraded the stock to “Equal Weight” rating in Tuesday, January 19 report. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Buy” rating by Citigroup on Monday, September 14. As per Wednesday, July 13, the company rating was upgraded by Credit Suisse. The company was initiated on Tuesday, September 13 by FBR Capital.

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 is positive, 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.
Caxton Associates Lp holds 0.05% or 200,000 shares in its portfolio. Hbk Invs Limited Partnership holds 0.28% or 3.78M shares in its portfolio. Dimensional Fund L P, a Texas-based fund reported 4.74M shares. The Illinois-based Wolverine Asset Ltd Co has invested 0% in Whiting Petroleum Corp (NYSE:WLL). Moreover, Tide Point Mgmt Lp has 0.7% invested in Whiting Petroleum Corp (NYSE:WLL) for 1.00M shares. Qs Investors Ltd Llc holds 16,800 shares or 0% of its portfolio. Virginia Retirement Systems Et Al holds 0.01% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 64,300 shares. Brown Advisory Incorporated has 23,323 shares for 0% of their US portfolio. Phoenix Invest Adviser Ltd last reported 0.63% of its portfolio in the stock. Moreover, Segall Bryant & Hamill has 0.01% invested in Whiting Petroleum Corp (NYSE:WLL) for 50,438 shares. Moreover, Geosphere Capital Management has 3.38% invested in Whiting Petroleum Corp (NYSE:WLL) for 370,000 shares. The Massachusetts-based Grantham Mayo Van Otterloo And Co Limited Liability Company has invested 0.01% in Whiting Petroleum Corp (NYSE:WLL). The Pennsylvania-based Jfs Wealth Llc has invested 0% in Whiting Petroleum Corp (NYSE:WLL). Huntington National Bank accumulated 0% or 991 shares. Sigma Planning Corporation holds 13,989 shares or 0.02% of its portfolio.

Insider Transactions: Since May 3, 2016, the stock had 1 buying transaction, and 0 sales for $102,980 net activity. $102,980 worth of shares were bought by VOLKER JAMES J on Tuesday, May 3.

More recent Whiting Petroleum Corp (NYSE:WLL) news were published by: Fool.com which released: “OPEC and Analysts Send Whiting Petroleum Corp.’s Stock Up 22.9% in September” on October 05, 2016. Also Businesswire.com published the news titled: “Whiting Petroleum Corporation Announces Third Quarter 2016 Earnings Release …” on October 10, 2016. Seekingalpha.com‘s news article titled: “Whiting Petroleum: Mandatory Conversion Of Notes May Occur” with publication date: October 10, 2016 was also an interesting one.

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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