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.

Several large investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Whiting Petroleum by 79.9% during the second quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock worth $696,101,000 after acquiring an additional 5,865,141 shares during the period. Iridian Asset Management LLC CT acquired a new position in shares of Whiting Petroleum during the second quarter worth about $84,482,000. Renaissance Technologies LLC acquired a new position in shares of Whiting Petroleum during the second quarter worth about $48,052,000. TCW Group Inc. increased its stake in shares of Whiting Petroleum by 1,197.8% during the third quarter. TCW Group Inc. now owns 506,077 shares of the oil and gas exploration company’s stock worth $26,842,000 after acquiring an additional 467,082 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Whiting Petroleum by 109.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 804,400 shares of the oil and gas exploration company’s stock worth $42,408,000 after acquiring an additional 420,685 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

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.

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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

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