Whiting Petroleum Corporation (WLL) has been under a strong bear grip, hence the stock is down -30.47% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.25% in the past 1 week. The stock has risen by 4.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -27.43% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 11.86% and the 50-Day Moving Average is 21.94%.
Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $8.71 on Friday but the bulls could not build on the opening and the stock topped out at $8.74 for the day. The stock traded down to $8.28 during the day, due to lack of any buying support eventually closed down at $8.52 with a loss of -1.50% for the day. The stock had closed at $8.65 on the previous day. The total traded volume was 19,446,223 shares.
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 89.78% 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 a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Whiting Petroleum Corp, Volker James J had purchased shares worth of $103,000 in a transaction dated on May 3, 2016. A total of 10,000 shares were purchased at a price of $10.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.