Whiting Petroleum (WLL) Shares Gap Up to $25.54

Whiting Petroleum Corp (NYSE:WLL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $24.84, but opened at $25.54. Whiting Petroleum shares last traded at $25.81, with a volume of 3698318 shares.

A number of equities analysts have commented on WLL shares. ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Raymond James set a $52.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Robert W. Baird set a $30.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Friday, February 8th. KeyCorp started coverage on shares of Whiting Petroleum in a research note on Tuesday, February 12th. They issued an “overweight” rating and a $33.00 price target for the company. Finally, Zacks Investment Research raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Whiting Petroleum has a consensus rating of “Buy” and a consensus price target of $49.08.

The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 11.84 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). The business had revenue of $473.20 million during the quarter, compared to the consensus estimate of $484.96 million. Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. As a group, equities analysts forecast that Whiting Petroleum Corp will post 1.38 EPS for the current year.

In other news, insider Peter Hagist sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares in the company, valued at approximately $1,106,596.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was 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 owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in WLL. Norges Bank bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $23,869,000. AQR Capital Management LLC raised its holdings in Whiting Petroleum by 604.5% during the 3rd quarter. AQR Capital Management LLC now owns 911,874 shares of the oil and gas exploration company’s stock valued at $48,366,000 after buying an additional 782,430 shares during the last quarter. Deutsche Bank AG raised its holdings in Whiting Petroleum by 46.4% during the 3rd quarter. Deutsche Bank AG now owns 1,473,323 shares of the oil and gas exploration company’s stock valued at $78,143,000 after buying an additional 467,197 shares during the last quarter. Perella Weinberg Partners Capital Management LP raised its holdings in Whiting Petroleum by 221.5% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 647,243 shares of the oil and gas exploration company’s stock valued at $16,247,000 after buying an additional 445,908 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 99.09% of the company’s stock.

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About Whiting Petroleum (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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