Whiting Petroleum Corp (WLL) Director Sells $84,755.00 in Stock
Whiting Petroleum Corp (NYSE:WLL) Director William N. Hahne sold 2,300 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $36.85, for a total transaction of $84,755.00. Following the completion of the sale, the director now directly owns 20,914 shares of the company’s stock, valued at $770,680.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:WLL opened at $36.08 on Friday. Whiting Petroleum Corp has a one year low of $21.38 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $3.30 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.46 and a beta of 3.02.
Whiting Petroleum (NYSE:WLL) last announced its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The business’s revenue was up 74.8% compared to the same quarter last year. As a group, sell-side analysts predict that Whiting Petroleum Corp will post 3.1 EPS for the current year.
A number of brokerages recently weighed in on WLL. Robert W. Baird boosted their price target on shares of Whiting Petroleum from $50.00 to $61.00 and gave the company an “outperform” rating in a research report on Sunday, July 29th. R. F. Lafferty raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $56.00 in a research report on Wednesday, September 5th. Susquehanna Bancshares reduced their price target on shares of Whiting Petroleum from $58.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, August 1st. Stifel Nicolaus reduced their price target on shares of Whiting Petroleum from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Finally, Imperial Capital set a $45.00 price target on shares of Whiting Petroleum and gave the company an “in-line” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Whiting Petroleum has a consensus rating of “Buy” and a consensus price target of $52.17.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://theolympiareport.com/2018/11/10/whiting-petroleum-corp-wll-director-sells-84755-00-in-stock.html.
About Whiting Petroleum
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.
Further Reading: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.