Whiting Petroleum Corporation (NYSE:WLL) has tumbled 1.43% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.26% in the last four weeks. The stocks have underperformed the S&P 500 by 0.24% during the past week but Whiting Petroleum Corporation (NYSE:WLL) it has outperformed the index in 4 weeks by 3.31%.
Whiting Petroleum Corporation (NYSE:WLL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.46 and $11.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.74, notching a gain of 6.82% for the day. The total traded volume was 17,625,393 . The stock had closed at $10.99 on the previous day.
The company shares have dropped -65.83% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $36.20 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $11.66 and the 200 Day Moving Average price is recorded at $9.13.
On the companys insider trading activities, Volker James J, CEO of Whiting Petroleum Corp had purchased 10,000 shares on May 3, 2016 in a transaction. The price per share was $10.3 and the total amount of the disclosed transaction was $103,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Whiting Petroleum Corporation (NYSE:WLL). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $13 per share to $14 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 2% of Whiting Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 1.61% . Institutional Investors own 89.8% of Whiting Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.61%.
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration, development, acquisition and production of crude oil, NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Companys Rocky Mountains operations include assets in the states of Colorado, Montana, North Dakota, Utah and Wyoming. The Companys Permian Basin operations include assets in Texas and New Mexico. The Companys other operations primarily include its assets in Arkansas, Michigan, Oklahoma and Texas. As of December 31, 2014, The Companys estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31, 2014, the Companys probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE, for a total of 624.8 MMBOE.