An issue of Whiting Petroleum Corp. (NYSE:WLL) debt fell 1.3% as a percentage of its face value during trading on Wednesday. The debt issue has a 6.25% coupon and is set to mature on April 1, 2023. The bonds in the issue are now trading at $85.75. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

WLL has been the topic of a number of analyst reports. FBR & Co started coverage on Whiting Petroleum Corp. in a research note on Tuesday, September 13th. They issued a “market perform” rating and a $8.00 price target on the stock. Morgan Stanley raised Whiting Petroleum Corp. from an “underweight” rating to an “equal weight” rating and set a $13.00 target price on the stock in a research note on Friday, June 24th. Cantor Fitzgerald reissued a “hold” rating and set a $11.00 target price on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. Zacks Investment Research raised Whiting Petroleum Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Thursday, July 7th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $12.00 target price (down from $14.00) on shares of Whiting Petroleum Corp. in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.36.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 7.47 on Thursday. Whiting Petroleum Corp. has a 52-week low of $3.35 and a 52-week high of $22.80. The stock’s market cap is $2.06 billion. The company’s 50 day moving average price is $7.60 and its 200 day moving average price is $9.31.

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Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. The business earned $339.58 million during the quarter, compared to analyst estimates of $374.83 million. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. The firm’s revenue for the quarter was down 42.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. On average, analysts anticipate that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current year.

Several hedge funds have recently bought and sold shares of WLL. Investors Capital Advisory Services acquired a new stake in Whiting Petroleum Corp. during the second quarter worth $113,000. Comerica Bank boosted its stake in Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Whiting Petroleum Corp. by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock worth $121,000 after buying an additional 2,000 shares during the last quarter. Profund Advisors LLC acquired a new stake in Whiting Petroleum Corp. during the second quarter worth $128,000. Finally, Sigma Planning Corp boosted its stake in Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 3,471 shares during the last quarter. 77.29% of the stock is owned by hedge funds and other institutional investors.

Whiting Petroleum Corp. Company Profile

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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