Live Price Coverage: After Today’s Huge Increase, Is Whiting Petroleum Corp’s Near-Term Analysis Positive?

Live Price Coverage: After Today's Huge Increase, Is Whiting Petroleum Corp's Near Term Analysis Positive?

The stock of Whiting Petroleum Corp (NYSE:WLL) is a huge mover today! About 36.51M shares traded hands or 78.80% up from the average. Whiting Petroleum Corp (NYSE:WLL) has declined 23.30% since April 27, 2016 and is downtrending. It has underperformed by 28.53% the S&P500.
The move comes after 7 months positive chart setup for the $3.21B company. It was reported on Nov, 30 by Barchart.com. We have $12.69 PT which if reached, will make NYSE:WLL worth $288.90M more.

Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on February, 22. They expect $-0.32 earnings per share, up 25.58% or $0.11 from last year’s $-0.43 per share. After $-0.47 actual earnings per share reported by Whiting Petroleum Corp for the previous quarter, Wall Street now forecasts -31.91% EPS growth.

Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage

Out of 29 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 8 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 28% are positive. Whiting Petroleum Corporation has been the topic of 81 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Buy” rating by Cantor Fitzgerald on Thursday, February 25. The firm earned “Neutral” rating on Friday, April 29 by Sterne Agee CRT. The rating was downgraded by Guggenheim on Friday, July 31 to “Neutral”. The rating was maintained by UBS with “Buy” on Thursday, July 30. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Neutral” rating by JP Morgan on Tuesday, March 15. The stock has “Outperform” rating given by Cowen & Co on Friday, March 18. The firm earned “Neutral” rating on Thursday, February 25 by Seaport Global. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, March 29 report. Citigroup maintained Whiting Petroleum Corp (NYSE:WLL) rating on Monday, September 14. Citigroup has “Buy” rating and $26 price target. The firm earned “Equalweight” rating on Thursday, July 14 by Barclays 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 1.31 in Q2 2016. Its up 0.32, from 0.99 in 2016Q1. The ratio improved, 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.
Trexquant Invest Limited Partnership has 404,137 shares for 0.49% of their US portfolio. Bancorp Of Montreal Can holds 194,660 shares or 0% of its portfolio. M&T Comml Bank has 0% invested in the company for 16,741 shares. North Star Asset Management Inc has 0.12% invested in the company for 127,959 shares. American Group last reported 10,111 shares in the company. Texan Capital reported 32,350 shares or 0.14% of all its holdings. Commonwealth Bank Of Aus reported 53,000 shares or 0.01% of all its holdings. Mitsubishi Ufj Bk Corporation accumulated 28,747 shares or 0% of the stock. Edge Wealth Mgmt Ltd Company last reported 62 shares in the company. Sir Cap Mgmt Lp owns 899,461 shares or 1.24% of their US portfolio. Moreover, Quantitative Inv Mgmt Limited Co has 0.19% invested in Whiting Petroleum Corp (NYSE:WLL) for 438,300 shares. Architects Incorporated has 0.01% invested in the company for 4,550 shares. Morgan Stanley holds 0% or 562,101 shares in its portfolio. Virginia Retirement Et Al accumulated 0.01% or 64,300 shares. Tiaa Cref Investment Mgmt Limited Liability Com last reported 836,167 shares in the company.

More news for Whiting Petroleum Corp (NYSE:WLL) were recently published by: Nasdaq.com, which released: “Investors Are Betting Big Against Whiting Petroleum Corp — Why They’re Wrong” on November 29, 2016. Businesswire.com‘s article titled: “Whiting Petroleum Corporation Enters into Sales Agreements for North Dakota …” and published on November 21, 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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