BidaskClub Upgrades Whiting Petroleum Corporation (NYSE:WLL) to "Sell"

Evrard Martin
Juillet 17, 2017

Oppenheimer & Co. Inc. reduced its stake in shares of Whiting Petroleum Corporation (NYSE:WLL) by 31.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Envestnet Asset Management Inc. now owns 17,838 shares of the oil and gas exploration company's stock worth $214,000 after buying an additional 15,253 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Whiting Petroleum Corporation by 95.8% in the first quarter. The company has an average rating of "Hold" and a consensus target price of $11.84. The Par Capital Management Inc holds 3.43 million shares with $41.17 million value, up from 3.30 million last quarter. During the same quarter a year ago, the business earned ($0.85) EPS.

The stock Hit its 1-year high of $13.39 on 12/01/16 and its 1-year low price of $4.81 on 07/07/17. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. "Lowers Whiting Petroleum Corporation (NYSE:WLL) Price Target to $11.00" was first published by Sports Perspectives and is owned by of Sports Perspectives. The stock's 50 day moving average price is $6.88 and its 200-day moving average price is $9.51. Quantbot Technologies LP raised its position in shares of Whiting Petroleum Corporation by 269.7% in the first quarter.

The counter witnessed a trading volume of 19.4 million shares versus an average volume of 20.42 million shares during last trading session. Hedge funds and other institutional investors own 82.20% of the company's stock.

Price/Earnings to growth ratio for the company is -1.69 and the stock shows its Price/Sales (ttm) of 1.49 and Price/Book for the most recent quarter of 0.37. Citigroup has invested 0% of its portfolio in Whiting Petroleum Corp (NYSE:WLL).

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.14 on Wednesday.

According to analysts Whiting Petroleum Corp (NYSE:WLL)'s minimum EPS for the current quarter is at $-0.27 and can go high up to $-0.11.

Among 33 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 8 have Buy rating, 5 Sell and 20 Hold. The high and low revenue estimates for the current quarter are $496.87 Million and $369 Million, respectively. BidaskClub cut shares of Whiting Petroleum Corporation from a "sell" rating to a "strong sell" rating in a research note on Tuesday, July 11th. Envestnet Asset Management Inc. increased its position in shares of Whiting Petroleum Corporation by 590.1% in the fourth quarter.

While looking at the Stock's Performance, Whiting Petroleum Corp. now shows a Weekly Performance of 3.21%, where Monthly Performance is -12.73%, Quarterly performance is -39.95%, 6 Months performance is -58.68% and yearly performance percentage is -40.58%. Teachers Advisors LLC now owns 1,051,101 shares of the oil and gas exploration company's stock valued at $12,634,000 after buying an additional 770,726 shares during the last quarter. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & global copyright and trademark law. Finally, Henderson Group PLC increased its stake in shares of Whiting Petroleum Corporation by 30.4% in the first quarter. Technical analysts have little regard for the value of a company. Iberia Capital reissued a sector perform rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research note on Friday, May 12th.

Among analysts who offered their Analysis on Whiting Petroleum Corp.

COPYRIGHT VIOLATION NOTICE: "Somewhat Positive Press Coverage Extremely Likely to Impact Whiting Petroleum Corporation (NYSE:WLL) Stock Price" was originally reported by Community Financial News and is the property of of Community Financial News. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. (WLL)-7 analysts issued Buy for the stock, 5 analysts gave Outperform rating, 18 think it's a Hold, 2 issued Underperform, while 2 analyst gave a Sell rating. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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