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

Whiting Petroleum Corporation (NYSE:WLL) managed to eke out gains of 2.78% in intraday trade. The share price increased by 0.34 points to $12.38. Till last observation, the net money flow was recorded at a negative $(-9.42) million. The total inflow of $28.7 million in upticks was completely overshadowed by an outflow of $38.12 million in downticks, giving the up/down ratio a value of 0.75. The shares have seen a change of 5.41% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $1.69 million and the composite value in downticks was $3.81 million. The resultant up/down ratio for the block exchange was 0.44. The block trade had a negative money flow of $(-2.12) million.


The stock has recorded a 20-day Moving Average of 0.62% and the 50-Day Moving Average is 7.99%. The company shares have dropped 66.32% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $36.2 and one year low was seen on February 25, 2016 at $3.35. The 50-day moving average is $11.66 and the 200 day moving average is recorded at $9.01. S&P 500 has rallied 1.93% during the last 52-weeks.

Whiting Petroleum Corporation (NYSE:WLL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.83 and $11.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.38, notching a gain of 2.82% for the day. The total traded volume was 16,223,010 . The stock had closed at $12.04 on the previous day.

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, 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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