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Whiting Petroleum Corporation (NYSE:WLL) Quarterly Sales Review

The company most recent volume stood at 22.91 million shares as compared to average volume of 24.49 million shares. On a consensus basis, analysts are anticipating the company to post earnings per share of $0.38 for the current quarter. These analysts have also projected a Low Estimate of $-1.98/share and a High Estimate of $-0.23/share. The company traded as low as $7.26 on the day. The stock touched 52-week High of $22.8 on Oct 9, 2015 and 52-week Low of $3.35 on Feb 25, 2016. The stock’s 50 day moving average price is $7.69 and its 200 day moving average price is $9.12. Year-to-Date the stock performance stands at -21.61%. Now the company has earned “Buy” from 6 equity analysts.

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According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. The brokerage firm lowers the price target from $16 per share to $13 per share.

Whiting Petroleum Corporation (WLL) has an average broker rating of 2.16, which is interpreted as a Buy, as rated by 19 equity analysts. In contrast, the average volume was 796009 shares. They now have a United States dollars 12 price target on the stock. The stock has market worth of $613.58M. After the 1st trading documented at $3.43, the company was seen striking $3.44 as it’s a day high price and $3.19 as its low price.

While looking at the Stock’s Performance, Whiting Petroleum Corporation now shows a Weekly Performance of 3.09%, where Monthly Performance is 4.84%, Quarterly performance is -42.17%, 6 Months performance is 15.58% and yearly performance percentage is -56.75%. Whiting Petroleum Corp makes up approx 0.03% of Point72 Asset Management’s portfolio.Tortoise Capital Advisors L.l.c. reduced its stake in WLL by selling 1,994 shares or 42.82% in the most recent quarter. The global independent energy company has strategically optimized its financial position by minimizing debt while maximizing its total cash position through the reduction of consolidated senior secured debt-to-EBITDAX ratio to 0.97:1 on 30th June 2016 from 3.0:1 earlier, increasing the total EBITDAX-to-net interest ratio to 4.87:1 on 30th June 2016 from 2.25:1 earlier, attractive current ratio of 4.17:1 on 30th June 2016 from 1:1 previously, nil bond maturities till 2018 and nil major maturities till 2019 coupled with a superior bond finance covenant ratio of 3.50:1 on 30th June 2016 from over 2.0:1 earlier.

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ATR value of company was 0.49 and Relative Strength Index (RSI) was 57.44. This estimate includes estimates provided by 2 Wall Street analysts. 1 analyst has suggested “Sell” for the company. The rating by the firm was issued on August 4, 2016. These ratios are important while doing valuation of the company or the shares of the company. Analyst had a consensus of $-0.45.

Understanding Whiting Petroleum’s Recent Stock Performance