The stock is trading at $6.01 which is quite a bit above $5.25, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $5.91. The 50 day moving average moved up $0.76 and the 200 day average moved up $0.10. (NYSE:WLL) shares saw heavy trading volume with 25,615K shares changing hands in the last trading session. Volume was up 30.34% over the stocks average daily volume.
Traders are a little more bullish on shares of Whiting Petroleum Corporation of late looking at the motion in short interest. The company experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -4.29%. Short shares decreased from 71,199,909 to 68,143,520 over that period. With short interest at 68,143,520 and short average daily volume at 16,131,554, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.19% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (WLL). As of quarter end Texan Capital Management had disposed of a total of 250 shares trimming its stake by 0.8%. The value of the company’s investment in Whiting Petroleum Corporation decreased from $174,000 to $171,000 decreasing 1.7% quarter to quarter. As of the end of the quarter Aperio Group, LLC had bought 5,128 shares growing its position 5.5%. The value of the total investment in Whiting Petroleum Corporation went from $517,000 to $541,000 a change of 4.6% quarter over quarter.
Hudock Capital Group, LLC trimmed its position by selling 49 shares a decrease of 100.0% in the quarter. Hudock Capital Group, LLC controls 0 shares worth $0. The value of the position overall is down by nan%. Simplex Trading, LLC bolstered its ownership by buying 2,423 shares an increase of 7.4%. Simplex Trading, LLC now controls 35,234 shares valued at $192,000. The total value of its holdings increased 6.7%.
On September 13 the stock rating was downgraded from “Equalweight” to “Underweight” with a current price target of $3.50 in a report from Morgan Stanley. Equity analyst Morgan Stanley downgraded the stock and lowered the price target on September 13 changing the price target from $13.00 to $3.50 and changing the rating from “Equalweight” to “Underweight”.
Jefferies began coverage setting a rating of “Hold”. October 11 investment analysts at Barclays held the company rating at “Equal-Weight” but lowered the price expectation from $9.00 to $5.00.
On October 18 Morgan Stanley maintained a stock rating of “Underweight” but moved up the price target to $4.00 from $3.50. October 26 investment analysts at Morgan Stanley kept the stock rating at “Underweight” and lowered the price target to $3.60 from $4.00.
As of the latest earnings report the EPS was $-3.13 and is estimated to be $-0.62 for the current year with 362,793,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.12 with next year’s EPS anticipated to be $-0.48.
Whiting Petroleum Corporation, launched on July 18, 2003, is an independent oil and gas company. The Company is involved in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is involved in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Business’s Northern Rocky Mountains operations included its properties in the Williston Basin of North Dakota and Montana targeting the Bakken and Three Forks formations and encompassing approximately 736,000 gross (443,800 net) developed and undeveloped acres, as of December 31, 2016. The Business’s Central Rocky Mountains operations included properties at its Redtail field in the Denver Julesburg Basin (DJ Basin) in Weld County, Colorado targeting the Niobrara and Codell/Fort Hays formations and encompassing approximately 157,200 gross (132,200 net) developed and undeveloped acres, as of December 31, 2016. The Business’s other operations primarily relate to non-core assets in Colorado, Mississippi, North Dakota, Texas and Wyoming..