Whiting Petroleum Corporation (NYSE:WLL), A reduction of 3,881,129 shares or 10.8% was observed in the short interest of Whiting Petroleum The interest on June 15,2016 came in at 31,894,576 shares and as per the average daily trading of 21,139,906 shares, the days to cover are 2. The reduced interest is 15.8% of the floated shares. The data of May 31,2016 put the interest at 35,775,705 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $10.65 on Friday but the bulls could not build on the opening and the stock topped out at $11.01 for the day. The stock traded down to $9.64 during the day, due to lack of any buying support eventually closed down at $9.65 with a loss of -14.75% for the day. The stock had closed at $11.32 on the previous day. The total traded volume was 33,880,545 shares.
The company shares have dropped -71.64% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $35.10 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $11.77 and the 200 Day Moving Average price is recorded at $9.01.
Whiting Petroleum Corporation (NYSE:WLL) has tumbled 17.8% during the past week and has dropped 19.72% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 16.44%. Whiting Petroleum Corporation (NYSE:WLL) has underperformed the index by 17.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.