Published: Mon, June 05, 2017
Markets | By Noel Gibbs

Whiting Petroleum Stock Drops After Neutral Coverage Initiation at Credit Suisse


On Thursday, February 25 the stock rating was maintained by Cantor Fitzgerald with "Buy". Currently, Whiting Petroleum Corporation net profit margin for the 12 months is at -91.79%. On Thursday, February 25 the stock rating was maintained by Cantor Fitzgerald with "Buy". At the open, shares were trading at 6.76.

Debra Fine decreased its stake in Whiting Pete Corp New (WLL) by 18.09% based on its latest 2016Q4 regulatory filing with the SEC. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes. The Salem Investment Counselors Inc holds 296,799 shares with $31.05 million value, up from 287,971 last quarter. The stock declined 3.16% or $0.22 reaching $6.75 on the news. Commonwealth Equity Services Inc holds 35,494 shares or 0% of its portfolio. (USA) (NYSE:SU) has risen 22.43% since June 2, 2016 and is uptrending. It has outperformed by 32.12% the S&P500.

Among 13 analysts covering Suncor Energy Inc. (NYSE:VLRS), 4 have Buy rating, 0 Sell and 3 Hold. PepsiCo had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Bank of America on Friday, August 19 with "Buy".

TEGNA Inc. (TGNA) stock moved with shift of -3.36% in the past week. (NYSE:PEP) has "Hold" rating given on Friday, March 24 by RBC Capital Markets. The company was downgraded on Tuesday, August 4 by TheStreet.

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To stay one step ahead we extended our research by comparing different price targets. Whiting Petroleum Corp also was the recipient of some unusual options trading on Tuesday. Mgm Resorts International (NYSE:MGM) was reduced too.

Whiting Petroleum Corp (NYSE:WLL)'s revenue estimates for the current quarter are $375.3 Million according to 26 number of analysts, for the current quarter the company has high revenue estimates of $412.23 Million in contradiction of low revenue estimates of $345.7 Million.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Whiting Petroleum Corp. the EPS stands at -0.15 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.22, suggesting the stock exceeded the analysts' expectations. As per Thursday, March 23, the company rating was downgraded by UBS.

Institutional investors now hold around $2.03 billion or 83.5% in WLL stock. The Company is involved in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. The trailing 12 month earnings number is now -1.6. It is engaged in the exploration and production of crude oil, natural gas liquid and natural gas.

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Investors sentiment decreased to 1.17 in Q4 2016. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.3 average brokerage recommendation. Keybank National Association OH bought a new position in Whiting Petroleum Corp during the fourth quarter worth $121,000. Sold All: 35 Reduced: 97 Increased: 93 New Position: 62. The funds in our partner's database now hold: 284.48 million shares, up from 259.76 million shares in 2016Q3. Pittenger And Anderson invested in 1,675 shares. 5,770 were accumulated by Metropolitan Life Ins Ny.

Whiting Petroleum Corporation is an independent gas and oil company. The stock has a market capitalization of $2.36B along with 368.13M outstanding shares.

Whiting Petroleum Corporation (WLL), a part of Basic Materials sector and belongs to Oil & Gas Drilling & Exploration industry; ended its day with loss -1.27% and finalized at the price of $6.97. Year to date Whiting Petroleum Corporation (NYSE:WLL) is -44.34%, -37.94% over the last quarter, and -45.25% for the past six months. Raymond James holds 0.02% or 206,144 shares in its portfolio. Pnc Fin Group Inc reported 0% in Whiting Petroleum Corp (NYSE:WLL). Jefferies Group Limited Liability stated it has 231,568 shares. Broadview Advsrs Lc owns 830,606 shares. Tradewinds Capital Mngmt invested in 70 shares. Corecommodity Management Llc holds 7,358 shares. The price-to-book ratio is a ratio used to compare a stock's market value to its book value.

Shares of Whiting Petroleum Corp (WLL) traded down 4.02% during trading on Friday, hitting $6.69.

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