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Whiting USA Trust I (NYSE:WHX) was downgraded by equities research analysts at Raymond James to an “underperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Shares of Whiting USA Trust I (NYSE:WHX) opened at 2.76 on Tuesday. Whiting USA Trust I has a 52-week low of $1.72 and a 52-week high of $6.33. The stock’s 50-day moving average is $2.33 and its 200-day moving average is $3.3. The company has a market cap of $38.3 million and a P/E ratio of 1.24.

Whiting USA Trust I (NYSE:WHX) last announced its earnings results on Tuesday, June 3rd. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.04. On average, analysts predict that Whiting USA Trust I will post $2.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.5605 per share. This represents a $2.24 annualized dividend and a dividend yield of 81.24%. The ex-dividend date is Friday, August 15th. This is a positive change from Whiting USA Trust I’s previous quarterly dividend of $0.47.

Whiting USA Trust I (NYSE:WHX) is a trust formed by Whiting Petroleum Corporation (Whiting).

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