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Today’s Pre-Market Trading Very Positive For Marathon Oil (MRO)

A quarter ago, Whiting Petroleum Corporation (NYSE:WLL) posted mean score of 1.97 and 1 were Strong Sell recommendations.

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On the company’s financial health, Whiting Petroleum Corp reported $-0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on April 27, 2016.

Despite of recovery in crude prices this year, investors’ confidence in the company has not been restored as stock has declined by 4.24% Year-to-Date. Wunderlich’s price target points to a potential upside of 28.50% from the company’s previous close. Squarepoint Ops LLC acquired a new stake in Whiting Petroleum Corp during the first quarter valued at $157,000. They now have a Dollars 20 price target on the stock. Cantor Fitzgerald reiterated a “hold” rating on shares of Whiting Petroleum Corp in a report on Sunday, May 22nd. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Whiting Petroleum Corp during the first quarter valued at $258,000.

02/03/2016 – Cabot Oil & Gas Corporation had its “hold” rating reiterated by analysts at GMP Securities. The share price is now 4.64 percent versus its SMA20, 7.8 percent versus its SMA50, and 21.33 percent versus its SMA200. The company had revenue of $292.00 million for the quarter, compared to analysts expectations of $351.05 million.

01/27/2016 – Whiting Petroleum Corporation was downgraded to “underperform” by analysts at Wolfe Research.

Marathon Oil Corporation (NYSE:MRO) climbed 8.20% during last trading as the stock added $14.78 to finish the day at $14.78 with about 19.11M shares changing hands, compared to its three month average trading volume of 19.16M.

The stock’s 50 day moving average is 11.69 and its 200 day moving average is 8.91. Topeka Capital Markets maintained COG’s stock on a February 23. The KLR Group believes that after the debt exchange, Whiting Petroleum would complete the current year with around $3.6 billion in Long Term debt, and with utmost maturity would be in late 2018.

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Indicating how profitable Anadarko Petroleum Corporation (NYSE:APC) is relative to its assets, the ROA value is displayed at -9.10%. It is engaged in oil and gas exploration, development and production activities. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. As of December 31 2014 The Company’s estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). The Company has interests in approximately 5, 889 gross (3, 177 net) productive wells on approximately 948, 600 gross (593, 900 net) developed acres across all its geographical areas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia. The Company’s Permian Basin operations include its North Ward Estes field in the Ward and Winkler counties of Texas.

Whiting Petroleum Corp's Price Target Lowered To $15 Following Recent Debt Exchange KLR Group