Large Outflow of Money Witnessed in Whiting Petroleum Corporation

Whiting Petroleum Corporation (NYSE:WLL) jumped 0.17 points or 1.39% on strong buying and was last priced at $12.08 per share. The shares saw huge fund flow intraday; a massive $21.21 million made their way in through the upticks but an even bigger $24.83 million made their way out through downticks. As per the last observation, the net money flow stood at $(-3.62) million and the up/down ratio was found to be 0.85. The shares have seen a weekly value change of -4.24% .A block trade was recorded in the company shares with a net money flow of $(-3.05) million. The composite value of the funds in upticks was $2.24 million and the total value of funds in downticks was $5.29. As can be seen from the data, the block transaction had the up/down ratio of 0.42.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Whiting Petroleum Corp, Volker James J had purchased shares worth of $103,000 in a transaction dated on May 3, 2016. A total of 10,000 shares were purchased at a price of $10.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Whiting Petroleum Corporation (NYSE:WLL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.25 points or 2.1% at $11.66 with 15,667,827 shares getting traded. Post opening the session at $11.6, the shares hit an intraday low of $11.48 and an intraday high of $12.18 and the price was in this range throughout the day. The company has a market cap of $2,933 million and the number of outstanding shares have been calculated to be 251,501,540 shares. The 52-week high of Whiting Petroleum Corporation (NYSE:WLL) is $36.39 and the 52-week low is $3.35.

Many analysts have stated their opinion on the company shares. Brokerage firm Tigress Financial downgrades its rating on Whiting Petroleum Corporation (NYSE:WLL). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 3, 2016.

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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