Insider Selling: Whiting Petroleum Corp Director Sells 1,000 Shares of Stock (WLL)
Whiting Petroleum Corp (NYSE:WLL) Director D Sherwin Artus sold 1,000 shares of Whiting Petroleum Corp stock on the open market in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $87.50, for a total value of $87,500.00. Following the sale, the director now directly owns 43,366 shares in the company, valued at approximately $3,794,525. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Whiting Petroleum Corp (NYSE:WLL) traded up 3.20% during mid-day trading on Friday, hitting $88.01. The stock had a trading volume of 1,352,208 shares. Whiting Petroleum Corp has a 52 week low of $48.58 and a 52 week high of $88.90. The stock’s 50-day moving average is $78.63 and its 200-day moving average is $69.66. The company has a market cap of $10.470 billion and a P/E ratio of 26.26.
Whiting Petroleum Corp (NYSE:WLL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The company had revenue of $740.25 million for the quarter, compared to the consensus estimate of $691.58 million. On average, analysts predict that Whiting Petroleum Corp will post $4.85 earnings per share for the current fiscal year.
A number of research firms have recently commented on WLL. Analysts at Howard Weil raised their price target on shares of Whiting Petroleum Corp from $110.00 to $112.00 in a research note on Monday. They now have a “focus stock” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Whiting Petroleum Corp in a research note on Friday. They now have a $94.00 price target on the stock, up previously from $77.00. Finally, analysts at Tigress Financial initiated coverage on shares of Whiting Petroleum Corp in a research note on Wednesday. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Whiting Petroleum Corp presently has an average rating of “Buy” and an average target price of $86.29.
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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