Whiting Petroleum (NYSE:WLL) Shares Gap Up to $3.71

Whiting Petroleum Corp (NYSE:WLL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.55, but opened at $3.71. Whiting Petroleum shares last traded at $2.77, with a volume of 40,291,367 shares.

WLL has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Whiting Petroleum from $21.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. S&P Equity Research lowered their price target on shares of Whiting Petroleum from $6.60 to $6.14 in a report on Tuesday, December 17th. Barclays restated a “hold” rating and issued a $5.00 price target on shares of Whiting Petroleum in a report on Sunday, December 8th. Imperial Capital restated an “in-line” rating and issued a $10.00 price target (down from $15.00) on shares of Whiting Petroleum in a report on Thursday, November 7th. Finally, Capital One Financial cut shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $13.00 to $12.00 in a report on Friday, January 10th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.68.

The stock has a market capitalization of $338.72 million, a PE ratio of 2.42 and a beta of 3.36. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $5.66 and its 200 day moving average is $7.08.

Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Whiting Petroleum by 1.9% in the 4th quarter. FMR LLC now owns 7,971,704 shares of the oil and gas exploration company’s stock valued at $58,513,000 after purchasing an additional 147,842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Whiting Petroleum by 27.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,413,078 shares of the oil and gas exploration company’s stock valued at $10,372,000 after purchasing an additional 301,483 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Whiting Petroleum by 7.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,296,318 shares of the oil and gas exploration company’s stock valued at $9,515,000 after purchasing an additional 94,835 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Whiting Petroleum by 139.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,001,711 shares of the oil and gas exploration company’s stock valued at $8,044,000 after purchasing an additional 583,198 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Whiting Petroleum by 2,654.8% in the 3rd quarter. Millennium Management LLC now owns 964,185 shares of the oil and gas exploration company’s stock valued at $7,742,000 after purchasing an additional 929,185 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Whiting Petroleum Company Profile (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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