Stock Traders Purchase Large Volume of Whiting Petroleum Corp. Call Options (WLL)
Whiting Petroleum Corp. (NYSE:WLL) was the recipient of unusually large options trading on Monday. Stock traders acquired 15,012 call options on the company, Stock Ratings Network.com reports. This represents an increase of approximately 229% compared to the typical volume of 4,565 call options.
A number of analysts have recently weighed in on WLL shares. Analysts at Sterne Agee raised their price target on shares of Whiting Petroleum Corp. from $62.00 to $77.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Stephens downgraded shares of Whiting Petroleum Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Finally, analysts at SunTrust raised their price target on shares of Whiting Petroleum Corp. from $69.00 to $92.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.28.
Whiting Petroleum Corp. (NYSE:WLL) traded down 2.71% on Monday, hitting $62.56. 3,109,258 shares of the company’s stock traded hands. Whiting Petroleum Corp. has a 52 week low of $40.19 and a 52 week high of $64.89. The stock has a 50-day moving average of $54.33 and a 200-day moving average of $49.51. The company has a market cap of $7.423 billion and a P/E ratio of 19.83.
Whiting Petroleum Corp. (NYSE:WLL) last announced its earnings results on Wednesday, July 24th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.40. The company had revenue of $663.60 million for the quarter, compared to the consensus estimate of $580.76 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis.
Whiting Petroleum Corporation (NYSE:WLL) is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.
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