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Investment analysts at Raymond James cut their target price on shares of Whiting USA Trust II (NYSE:WHZ) from $14.00 to $13.00 in a note issued to investors on Tuesday. Raymond James’ target price indicates a potential upside of 6.51% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. Analysts at Robert W. Baird upgraded shares of Whiting USA Trust II from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $12.00 price target on the stock, up previously from $11.00. They noted that the move was a valuation call.

Whiting USA Trust II (NYSE:WHZ) traded up 0.40% on Tuesday, hitting $12.2486. 25,509 shares of the company’s stock traded hands. Whiting USA Trust II has a one year low of $11.13 and a one year high of $14.48. The stock has a 50-day moving average of $12.81 and a 200-day moving average of $12.92. The company has a market cap of $225.4 million and a P/E ratio of 4.14.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.8287 per share. This represents a $3.31 dividend on an annualized basis and a yield of 27.16%. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Whiting USA Trust II’s previous quarterly dividend of $0.67.

Whiting USA Trust II (NYSE:WHZ) is a statutory trust.

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