Whiting Petroleum Corp (WLL) was Reiterated by Wunderlich to "Hold" while Lowering the Price Target of the company shares to $ 7 from a previous price target of $11. Seaport Global Securities also issued estimates for Whiting Petroleum Corp.'s Q4 2016 earnings at ($0.22) EPS, FY2016 earnings at ($2.03) EPS, Q1 2017 earnings at ($0.20) EPS, Q2 2017 earnings at ($0.19) EPS, Q3 2017 earnings at ($0.19) EPS, Q4 2017 earnings at ($0.19) EPS and FY2017 earnings at ($0.77) EPS.
Whiting Petroleum Corporation is an independent gas and oil company. Post opening the session at $7.01, the shares hit an intraday low of $6.68 and an intraday high of $7.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. Trinity Industries Inc. (NYSE:TRN) quarterly performance is 19.59% while its price to sale ratio is 0.56 and price to book ratio is 0.91. The ratio dropped, as 114 funds sold all Whiting Petroleum Corp shares owned while 96 reduced positions. 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.
In related news, CEO James J. Volker purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 3rd. WLL stock gained 7.75% in total of its share price.
Whiting has been converting much of its debt into common shares in recent months, completing $810 million worth of debt-to-equity conversions so far this year. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the Zacks' consensus estimate of ($0.52) by $0.18. If the YTD value is Negative, it means that the stock is trading poorly.
Death Cross Alert: The 50 day moving average is now below the 200 day moving average. Moreover, Columbia Pacific Advisors Llc has 3.82% invested in the company for 458,886 shares. Year-to-Date the stock performance stands at -21.93%. State of Tennessee Treasury Department now owns 6,173,535 shares of the oil and gas exploration company's stock valued at $58,278,000 after buying an additional 1,236,437 shares in the last quarter. The 52-week high of the share price is $23.87 and the 52-week low is $3.35.
Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $-1.08. This appreciation has taken its market cap to $1.81B. Production in the second quarter 2016 totaled 12.2 million barrels of oil equivalent (MMBOE), an average of 134,245 barrels of oil equivalent per day (BOE/d), which was comprised of 85% crude oil/natural gas liquids (NGLs).