Shares of Whiting Petroleum Corporation (WLL) Sees Large Inflow of Net Money Flow

Whiting Petroleum Corporation (WLL) : Tuesdays money flow data in Whiting Petroleum Corporation (WLL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $44.57 million, whereas, $38.13 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.17, in favor of the bulls. The total money flow into the stock was $6.44 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.54 million. The total value of block trades done on upticks was $6.97 million. The value of bearish trades on downticks was only $3.43 million.The up/down ratio in the block trades was a healthy 2.03 in favor of the bulls, suggesting strong buying in the stock by large traders. Whiting Petroleum Corporation (WLL) fell $0.31 and traded at $7.82, down -3.81% for the day, over previous days close. On a weekly basis, the shares are -19.05% over the previous weeks close.


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 89.82% of Whiting Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.61%. In an insider trading activity, Volker James J, CEO of Whiting Petroleum Corp, executed a transaction worth $103,000 on May 3, 2016. A total of 10,000 shares were purchased at an average price of $10.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of Whiting Petroleum Corp. appreciated by 4.27% during the last five trading days but lost 26.11% on a 4-week basis. Whiting Petroleum Corp. has dropped 19.19% during the last 3-month period . Year-to-Date the stock performance stands at -6.78%.

Whiting Petroleum Corporation (NYSE:WLL): stock turned positive on Tuesday. Though the stock opened at $8.28, the bulls momentum made the stock top out at $9.1 level for the day. The stock recorded a low of $8.27 and closed the trading day at $8.8, in the green by 12.53%. The total traded volume for the day was 33,072,487. The stock had closed at $7.82 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.