Insider Selling: Bruce Deboer Unloads 23,556 Shares of Whiting Petroleum Corp. Stock (WLL)
Whiting Petroleum Corp. (NYSE:WLL) VP Bruce Deboer sold 23,556 shares of Whiting Petroleum Corp. stock on the open market in a transaction dated Monday, October 28th. The shares were sold at an average price of $68.60, for a total transaction of $1,615,941.60. Following the completion of the transaction, the vice president now directly owns 6,461 shares of the company’s stock, valued at approximately $443,225. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Whiting Petroleum Corp. (NYSE:WLL) traded down 3.04% on Wednesday, hitting $67.63. The stock had a trading volume of 2,667,493 shares. Whiting Petroleum Corp. has a one year low of $40.19 and a one year high of $55.36. The stock’s 50-day moving average is $51.19 and its 200-day moving average is $48.55. The company has a market cap of $8.025 billion and a price-to-earnings ratio of 16.41.
Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.20. The company had revenue of $830.99 million for the quarter. During the same quarter last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 56.6% compared to the same quarter last year. On average, analysts predict that Whiting Petroleum Corp. will post $4.23 earnings per share for the current fiscal year.
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 $77.00 to $86.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Whiting Petroleum Corp. from $82.00 to $95.00 in a research note to investors on Friday, October 25th. They now have a “sector outperform” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Whiting Petroleum Corp. from $65.00 to $85.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $73.33.
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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