Whiting Petroleum (NYSE:WLL) is trading down 7.1%


Shares of Whiting Petroleum Co. (NYSE:WLL – Get Rating) fell 7.1% on Friday. The company traded as low as $77.70 and last traded at $78.61. 12,384 shares changed hands during the midday session, down 97% from the average session volume of 452,669 shares. The stock previously closed at $84.62.

A number of brokerages have weighed in on WLL. Truist Financial raised its price target on Whiting Petroleum from $108.00 to $130.00 in a Thursday, April 21 report. Piper Sandler raised her price target on Whiting Petroleum to $113.00 and gave the company an “na” rating in a Wednesday, May 18 research note. StockNews.com upgraded Whiting Petroleum from a “buy” to a “hold” rating in a Tuesday, May 10 research note. Wells Fargo & Company raised its price target on Whiting Petroleum from $77.00 to $99.00 and gave the company an “equal weight” rating in a Monday, March 14 research note. Finally, KeyCorp raised its price target on Whiting Petroleum from $95.00 to $96.00 and gave the company an “overweight” rating in a Friday, April 8 research note. Three investment analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, Whiting Petroleum currently has a consensus buy rating and a consensus target price of $100.83.

The company has a 50-day moving average of $82.36 and a 200-day moving average of $76.28. The company has a market capitalization of $3.01 billion, a PE ratio of 8.62 and a beta of 1.89. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt ratio of 0.03.

Whiting Petroleum (NYSE:WLL – Get Rating) last released its quarterly results on Wednesday, May 4. The oil and gas exploration company reported EPS of $4.61 for the quarter, missing analyst consensus estimates of $5.04 per ($0.43). The company posted revenue of $527.00 million for the quarter, versus a consensus estimate of $403.00 million. Whiting Petroleum had a return on equity of 42.37% and a net margin of 22.33%. As a group, stock analysts predict Whiting Petroleum Co. will post EPS of 25.31 for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Friday, May 20 received a dividend of $0.25 per share. The ex-dividend date was Thursday, May 19. This represents a dividend of $1.00 on an annualized basis and a yield of 1.30%. Whiting Petroleum’s dividend payout ratio (DPR) is currently 10.18%.

Institutional investors have recently changed their stock portfolios. Dimensional Fund Advisors LP increased its holdings in Whiting Petroleum by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 715,125 shares of the oil and gas exploration company worth $46,255,000 after acquiring an additional 127,013 shares during the period. Rafferty Asset Management LLC increased its stake in Whiting Petroleum by 55.6% during the fourth quarter. Rafferty Asset Management LLC now owns 111,559 shares of the oil and gas exploration company worth $7,216,000 after acquiring an additional 39,849 shares during the period. Bellwether Advisors LLC bought a new stake in shares of Whiting Petroleum in the fourth quarter worth $292,000. Amitell Capital Pte Ltd bought a new stake in shares of Whiting Petroleum in the fourth quarter worth $2,060,000. Finally, Leuthold Group LLC increased its stake in shares of Whiting Petroleum by 739.1% in the fourth quarter. Leuthold Group LLC now owns 48,464 shares of the oil and gas exploration company valued at $3,135,000 after purchasing an additional 42,688 shares during the period. Institutional investors and hedge funds hold 96.76% of the company’s shares.

Whiting Petroleum Company Profile (NYSE: WLL)

Whiting Petroleum Corporation, an independent oil and gas company, is engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain region of the United States. The company sells its oil and gas production to end users, traders and other buyers.

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