Price Target Update on Whiting Petroleum Corporation (NYSE:WLL)

Whiting Petroleum Corporation (NYSE:WLL) : 19 investment research analysts covering Whiting Petroleum Corporation (NYSE:WLL) have an average price target of $13.95 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 $2.86 of the average price.

Other Equity analysts have also commented 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.

Whiting Petroleum Corporation (NYSE:WLL): On Thursdays trading session , Opening price of the stock was $11.25 with an intraday high of $11.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.62. However, the stock managed to close at $11.32, a loss of 6.45% for the day. On the previous day, the stock had closed at $12.1. The total traded volume of the day was 43,651,140 shares.

The company shares have dropped -66.36% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $36.11 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $11.76 and the 200 Day Moving Average price is recorded at $9.02. 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.

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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