Large Inflow of Money Witnessed in Whiting Petroleum Corporation

Whiting Petroleum Corporation (WLL) : Investors lapped up stocks on upticks to the tune of $55.58 million in the Thursdays trading session. The trading value on downticks was comparatively at $46.55 million and the uptick to downtick ratio of 1.19 indicates continuous buying by the bulls. The net money flow into the stock was $9.03 million. The block trades were dominated by the bulls with a healthy 2.31, uptick to downtick ratio. Only $5.94 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $13.7 clearly indicating buying by large investors. The total money flow for block trades stood at $7.76 million, which is a positive for the stock in the long-term. Whiting Petroleum Corporation (WLL) fell $0.45 during the day at $7.99, a drop of -5.33% over the previous days close. However, for the week, the stock is -17.29%, compared to the previous week.


Whiting Petroleum Corporation (WLL) : Average target price received by Whiting Petroleum Corporation (WLL) is $13.63 with an expected standard deviation of $2.99. The most aggressive target on the stock is $19, whereas the most downbeat target is $8. 19 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 26.34% and the 50-Day Moving Average is 29.19%.

Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $8.67 on Thursday but the bulls could not build on the opening and the stock topped out at $8.83 for the day. The stock traded down to $7.95 during the day, due to lack of any buying support eventually closed down at $7.99 with a loss of -5.33% for the day. The stock had closed at $8.44 on the previous day. The total traded volume was 32,171,600 shares.

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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