Shares of Whiting Petroleum Corporation (NYSE:WLL) Sees Large Outflow of Money

Whiting Petroleum Corporation (NYSE:WLL) : The total negative money flow of $9.87 million on Wednesday indicates selling on strength. The inflow of money on upticks was $42.05 million, compared to $51.92 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.81. The negative money flow of $4.47 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $3.59 million in a block trade.The transaction value of block trade on downtick was $8.06 million. The uptick to downtick ratio was 0.45. The price action in the Whiting Petroleum Corporation (NYSE:WLL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $9.65 with a gain of $0.57 , a change of 6.28% over the previous days close. The stock registered 0% for the week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Whiting Petroleum Corp, Volker James J, had purchased 10,000 shares in a transaction dated on May 3, 2016. The transaction was executed at $10.3 per share with total amount equaling $103,000. 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 89.86% of Whiting Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.61%.

The company shares have dropped -71.17% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $33.79 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $11.69 and the 200 Day Moving Average price is recorded at $8.91. Whiting Petroleum Corporation (NYSE:WLL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.36 and $8.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.66, notching a gain of 6.39% for the day. The total traded volume was 27,117,954 . The stock had closed at $9.08 on the previous day.

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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