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Whiting USA Trust II (NYSE:WHZ)’s share price dropped 1.8% during mid-day trading on Tuesday after Raymond James lowered their price target on the stock from $14.00 to $13.00, AnalystRatings.Net reports. The stock traded as low as $11.91 and last traded at $11.98, with a volume of 216,752 shares traded. The stock had previously closed at $12.20.

A number of other analysts have also recently weighed in on WHZ. 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.

The stock’s 50-day moving average is $12.81 and its 200-day moving average is $12.92. The company has a market cap of $220.6 million and a price-to-earnings ratio of 4.14.

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 $0.8287 per share. This represents a $3.31 annualized dividend and a dividend yield of 27.16%. The ex-dividend date is Friday, August 15th. This is a positive change 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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