Traders Purchase High Volume of Whiting Petroleum Corp. Call Options (WLL)
Shares of Whiting Petroleum Corp. (NYSE:WLL) was the target of unusually large options trading on Friday. Stock investors acquired 9,661 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 146% compared to the typical daily volume of 3,926 call options.
A number of research firms have recently commented on WLL. 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. Separately, 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. Finally, analysts at Societe Generale raised their price target on shares of Whiting Petroleum Corp. from $57.00 to $75.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Whiting Petroleum Corp. has an average rating of “Buy” and a consensus target price of $64.44.
Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 64.30 on Monday. Whiting Petroleum Corp. has a one year low of $40.19 and a one year high of $64.89. The stock’s 50-day moving average is $54.33 and its 200-day moving average is $49.51. The company has a market cap of $7.629 billion and a price-to-earnings ratio of 19.83.
Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 32.1% compared to the same quarter last year.
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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