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

Whiting Petroleum Corporation (WLL) : Wednesdays 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 $20.94 million, whereas, $17.67 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.19, in favor of the bulls. The total money flow into the stock was $3.27 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.53 million. The total value of block trades done on upticks was $4.99 million. The value of bearish trades on downticks was only $2.46 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 $0.01 and traded at $7.22, down -0.14% for the day, over previous days close. On a weekly basis, the shares are -3.6% over the previous weeks close.


Shares of Whiting Petroleum Corp. rose by 9.91% in the last five trading days and 5.66% for the last 4 weeks. Whiting Petroleum Corp. has dropped 15.01% during the last 3-month period . Year-to-Date the stock performance stands at -13.03%.

Whiting Petroleum Corporation (WLL) : The consensus on Whiting Petroleum Corporation (WLL) based on 20 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $7.31 and touched an intraday high of $8.21 on Wednesday. During the day, the stock corrected to an intraday low of $7.1, however, the bulls stepped in and pushed the price higher to close in the green at $8.21 with a gain of 13.55% for the day. The total traded volume for the day was 54,347,009. The stock had closed at $7.23 in the previous trading session.

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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