Whiting Petroleum Corporation (WLL): Price Target and June Short Interest Disclosure

Whiting Petroleum Corporation (WLL) : 19 investment research analysts covering Whiting Petroleum Corporation (WLL) have an average price target of $13.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $19 and the lowest target is $8 for the short term. Analysts expect the variance to be within $3.08 of the average price.

Whiting Petroleum Corporation (WLL) stated gains of 3,854,037 shares or 12.1% in the short interest. The short interest registered from 31,894,576 on June 15,2016 to 35,748,613 on June 30,2016. In terms of floated shares, the shorted positions stood at 17.7%. The stock has been averaging 25,879,464 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Goldman Sachs downgrades its rating on Whiting Petroleum Corporation (NYSE:WLL).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Goldman Sachs lowers the new price target from $13.75 per share to $12.75 per share. The rating by the firm was issued on July 6, 2016.


Whiting Petroleum Corporation (NYSE:WLL): stock turned positive on Thursday. Though the stock opened at $8.81, the bulls momentum made the stock top out at $8.91 level for the day. The stock recorded a low of $8.59 and closed the trading day at $8.65, in the green by 0.46%. The total traded volume for the day was 16,959,292. The stock had closed at $8.61 in the previous days trading.

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.

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