Large Outflow of Money Witnessed in Whiting Petroleum Corporation

Whiting Petroleum Corporation (NYSE:WLL) managed to stay afloat and traded higher with an addition of 0.73 point or 6.64% at $11.72. The money flow data is a negative $(-3.31) million with $18.77 million in upticks and $22.08 million in downticks. The intraday up/down ratio came in at 0.85. The shares have seen -1.6% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $2 million and the combined worth of the downticks was $4.91, Million, leading to the up/down ratio of 0.41. The block trade saw a net money flow of $(-2.91) million.

Whiting Petroleum Corp. has dropped 1.43% in the last five trading days, however, the shares have posted positive gains of 4.45% in the last 4 weeks. Whiting Petroleum Corp. is up 40.77% in the last 3-month period. Year-to-Date the stock performance stands at 24.36%.

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 (NYSE:WLL) rose 6.82% or 0.75 points on Friday and made its way into the gainers of the day. After trading began at $11.46 the stock was seen hitting $11.9 as a peak level and $11.4 as the lowest level. The stock ended up at $11.74. The daily volume was measured at 17,625,393 shares. The 52-week high of the share price is $36.39 and the 52-week low is $3.35. The company has a market cap of $2,953 million.

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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