Economy

Whiting Petroleum Corporation (WLL) Bonds Drop 1.6% During Trading Analyst

The bonds in the issue are now trading at $95.50 and were trading at $97.45 last week. Price changes in a company's bonds in credit markets often anticipate parallel changes in its share price. Similarly, the company's last 5 years high P/E ratio is 62.39 and low P/E is 12.46, whereas, the industry's and sector's high P/E for the past year is 98.76 and 26.04 respectively and low P/E ratio for the last 5 years is 12.03 for the industry and 10.45 for the Sector. Citigroup Inc. cut their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, July 13th. Whiting Petroleum Corporation's quarterly revenue was down 7.6% compared to the same quarter a year ago. They issued an "underperform" rating and a $6.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. The stock now has a consensus rating of "Hold" and a consensus price target of $11.27. Geode Capital Management LLC boosted its stake in shares of Whiting Petroleum Corporation by 4.0% in the first quarter. Cypress Capital Management LLC WY now owns 75,200 shares of the oil and gas exploration company's stock worth $711,000 after buying an additional 73,200 shares during the period. Vanguard Group Inc. increased its stake in shares of Whiting Petroleum Corporation by 28.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 54,322 shares of the oil and gas exploration company's stock worth $299,000 after buying an additional 4,930 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Whiting Petroleum Corporation by 13.8% in the first quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company's stock worth $241,000 after buying an additional 4,469 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Whiting Petroleum Corporation by 590.1% in the fourth quarter. Finally, Nationwide Fund Advisors increased its position in shares of Whiting Petroleum Corporation by 14.7% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company's stock valued at $201,642,000 after buying an additional 10,428,144 shares during the last quarter. Hedge funds and other institutional investors own 82.54% of the company's stock. Shares are trading at $5.05 slightly below the 50 day moving average of $5.45 and marginally under the 200 day moving average of $8.57.

In the market the company is trading down from yesterday's close of $5.22.

Whiting Petroleum Corporation (NYSE:WLL) last posted its earnings results on Wednesday, July 26th.

In the last earnings report the EPS was $-4.31 and is expected to be $-0.71 for the current year with 362,698,000 shares now outstanding.

Whiting Petroleum Corp (NYSE:WLL)'s revenue estimates for the current quarter are $377.81 Million according to 22 number of analysts, for the current quarter the company has high revenue estimates of $471.2 Million in contradiction of low revenue estimates of $315.3 Million.

Citigroup "Maintained" Whiting Petroleum Corp (NYSE:WLL) in a research note issued to investors on 7/21/17 to Buy with price target of $8. While in the same Quarter Previous year, the Actual EPS was $-0.47. Its book value per share for the most recent quarter is $13.94 while its price to book ratio for the same period is 0.36, as for as the company's cash per share for the most recent quarter is $0.04, however its price to cash per share ratio for the same period is 115.16. Analysts forecast that Whiting Petroleum Corporation will post ($0.71) EPS for the current year.

On the other hand the company has Relative Strength Index (RSI 14) of 40.1 along with Average True Range (ATR 14) of 0.34, Consequently Whiting Petroleum Corp (NYSE:WLL)'s weekly and monthly volatility is 5.96%, 6.45% respectively. If you are viewing this news story on another site, it was copied illegally and reposted in violation of global copyright & trademark law.

Many analysts have provided their estimated foresights on Whiting Petroleum Corp. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States.



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