Published: Tue, August 02, 2016
Economy | By Melissa Porter

Whiting Petroleum Corp (NYSE:WLL)'s Company Shares Decreased 20.41% After High Volatility

Whiting Petroleum Corp (NYSE:WLL)'s Company Shares Decreased 20.41% After High Volatility

(NYSE:WLL) reported a loss of $301 million in its second quarter.

About 17.14 million shares traded hands. Whiting Petroleum Corp.'s -11.53% drop today has a material impact on its technical outlook.

Other hedge funds have also made changes to their positions in the company. The current stock price is $6.52.

Shares of Whiting Petroleum Corp. A look on the firm performance, its monthly performance is 6.92% and a quarterly performance of -6.01%.

For an overview on Recommendation Trends, 6 Analysts assigned the stock as Strong Buy.

Additionally, the company has a PE ratio of 10.45 and has EPS of 3.65. Finally, Mackenzie Financial Corp boosted its stake in shares of Whiting Petroleum 45.5% in the fourth quarter. Trexquant Investment LP now owns 255,458 shares of the oil and gas exploration company's stock valued at $2,412,000 after buying an additional 194,758 shares in the last quarter. (NYSE:WLL) traded down 5.89% during mid-day trading on Wednesday, hitting $7.35. Whiting Petroleum Corporation has been tracking to a 50-day moving average of $9.38 and 200-day average of $8.78. Company is -22.34% away from its 52 week high and is moving 57.08% ahead of its 52 week low. The company has market capitalization of $20.22B. Most recently on 7/13/2016 the stock of Whiting Petroleum Corp (NYSE:WLL) upgraded by Credit Suisse from Neutral to Outperform. The company's revenue was down -42.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS. The company had revenue of $339.58 million for the quarter, compared to analysts' expectations of $374.83 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

Whiting Petroleum Corp (NYSE:WLL) now has mean rating of 2.5 while 10 analyst have recommended the shares as "BUY", 6 commented as "OUTPERFORM" and 22 commented as "HOLD". Whiting Petroleum Corporation (NYSE:WLL) has a 2.17 consensus analyst rating on the stock based on an arithmetical average of the 18 ratings given by the brokerage analysts covering the company. The consensus, or mean target price of the Wall Street analysts covering the firm is $13.666.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. The shares were purchased at an average cost of $10.30 per share, with a total value of $103,000.00. The stock is presently trading up down its SMA-50 of $23.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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