An issue of Whiting Petroleum Corp. (NYSE:WLL) bonds rose 1.3% as a percentage of their face value during trading on Monday. The high-yield issue of debt has a 6.25% coupon and is set to mature on April 1, 2023. The debt is now trading at $87.00 and was trading at $90.00 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
A number of equities research analysts have recently weighed in on WLL shares. FBR & Co reissued a “marketperform” rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Canaccord Genuity reissued a “buy” rating and set a $13.00 target price on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Wunderlich lifted their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $11.00 price target on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. Finally, Citigroup Inc. dropped their price target on Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.36.
Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 6.97 on Tuesday. The company’s market cap is $1.92 billion. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $22.80. The company’s 50-day moving average price is $7.57 and its 200 day moving average price is $9.32.
Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. The business earned $339.58 million during the quarter, compared to the consensus estimate of $374.83 million. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. Whiting Petroleum Corp.’s quarterly revenue was down 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, equities research analysts anticipate that Whiting Petroleum Corp. will post ($2.03) earnings per share for the current year.
Several large investors have recently modified their holdings of WLL. Third Point LLC acquired a new stake in shares of Whiting Petroleum Corp. during the second quarter worth $75,932,000. Vanguard Group Inc. raised its stake in shares of Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock worth $161,853,000 after buying an additional 2,961,485 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Whiting Petroleum Corp. by 329.4% in the second quarter. Victory Capital Management Inc. now owns 3,234,694 shares of the oil and gas exploration company’s stock worth $29,953,000 after buying an additional 2,481,447 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Whiting Petroleum Corp. during the second quarter worth $20,930,000. Finally, First Trust Advisors LP raised its stake in shares of Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock worth $37,058,000 after buying an additional 1,772,115 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.
About Whiting Petroleum Corp.
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
Receive News & Ratings for Whiting Petroleum Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corp. and related companies with MarketBeat.com's FREE daily email newsletter.