Whiting Petroleum Corporation (WLL) has seen some recent activity in the marketplace and its stock closed trading at $1.2400 yesterday. People are starting to take interest of WLL as the stock traded as high as $1.2400 and as low as $1.1600 in the last market day.
Whiting Petroleum Corporation (WLL) average trading volume is 24.51M. However, in the last market day Whiting Petroleum Corporation (WLL) traded 8,627,703 shares. The 1st support level on WLL is $0.35 and the 1st upside resistance level on WLL is $8.37. WLL 50day moving average is $0.8062 and WLL two hundred day moving average is $4.0724.
Whiting Petroleum Corporation (WLL) most current performance has been shown by the recent movement in WLL stock. WLL has performed 291.21% over the past month, WLL has performed -72.62% over the past 3 months and WLL has shown -94.86% over the past 365 days. Whiting Petroleum Corporation (WLL) has a 1 year range of $0.2500 to $25.1400. Whiting Petroleum Corporation (WLL) is trading 384.00% from its 1 year low and -95.19% from its 1 year high. Whiting Petroleum Corporation (WLL) is indicating a 38.22% short float indicating the sum short in the float.
WLL has 93.23M shares outstanding and 91.12M shares in the float. Whiting Petroleum Corporation (WLL) presently has a market cap of $112.81M and income of $-241.20M. The EPS next quarter for WLL is -0.73 and forecasted EPS net year is 14.60%. The market cap of Whiting Petroleum Corporation (WLL) at $112.81M signifies how many People own shares of WLL and is based off the last price ($1.2400) of WLL and the sum of shares outstanding (93.23M) with Whiting Petroleum Corporation (WLL).
Whiting Petroleum Corporation (WLL) has aggregate cash (mrq) of 8.65M, aggregate cash per share (mrq) of 0.09, aggregate debt of WLL rests at 2.86B and aggregate debt/equity (mrq) is 71.07. Whiting Petroleum Corporation (WLL) operating cash flow (ttm) is 755.96M and WLL leveraged free cash flow (ttm) is 17.29M.
WLL is trading 76.74% above (bullish) its SMA20, 13.19% above (bullish) its SMA50 and -79.11% below (bearish) its SMA200.
In recent news, on April 24, 2020, it was announced, Whiting Petroleum Corporation Enters into Restructuring Support Agreement With Certain of its Senior Noteholders and Files Chapter 11 Reorganization Plan and Disclosure Statement. In this news it stated, Company intends to convert over $2.3 Billion of its Unsecured Notes and Certain Other Claims into a 97% ownership interest in the newly reorganized Company and exit Chapter 11 within the next 5 months Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they have entered into a restructuring support agreement (the “RSA”) with certain holders (the “Supporting Noteholders”) of its 1.25% convertible senior notes due 2020, 5.750% senior notes due 2021, 6.250% senior notes due 2023 and 6.625% senior notes due 2026 (collectively, the “Senior Notes”). In addition, the Company has filed a consensual chapter 11 plan of reorganization (the “Plan”) and a related disclosure statement (the “Disclosure Statement”) with the United States Bankruptcy Court for the Southern District of Texas (the “Court”). The Plan outlines a proposed path to strengthen the Company’s balance sheet, reducing debt and improving liquidity in order to emerge from bankruptcy as a financially stronger company in accordance with the terms of the RSA.
About Whiting Petroleum Corporation (WLL):
Founded in 1980, Denver, CO-based Whiting Petroleum Corporation is an independent energy company engaged in the exploration, development and production of crude oil and natural gas properties in the United States. With majority of its output coming from Bakken play, it holds one of the largest acreage positions in the region.