Whiting Petroleum Corporation (WLL) has been under a strong bear grip, hence the stock is down -8.31% 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 3.22% in the past 1 week. The stock has risen by 3.66% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.03% in the past 4 weeks.
Whiting Petroleum Corporation (NYSE:WLL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.57 and $7.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.64, notching a gain of 2.28% for the day. The total traded volume was 24,287,447 . The stock had closed at $7.47 on the previous day.
The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 23.39%. Whiting Petroleum Corp. has dropped 26.25% during the last 3-month period . Year-to-Date the stock performance stands at -19.07%.
Whiting Petroleum Corporation (WLL) : The highest level Whiting Petroleum Corporation (WLL) is projected to reach is $19 for the short term and the lowest estimate is at $7. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $12.78 and the possibility the share price can swing is $3.64.
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.