Whiting Petroleum Corp Receives Consensus Recommendation of “Buy” from
A number of equities analysts have commented on MPC shares. Staples, Inc. (SPLS)’S monthly performance stands at – 3.980% with an analyst rating of 2.5 and dividend yield of 3.49%.
Oil prices were falling after U.S. crude inventories increased more than expected last week, according to Reuters. The company has a 50 day moving average of $21.16 and a 200-day moving average of $31.39. “Moreover, policies to reformulate fuel and lower emission from refinery operations may hamper earnings going forward as the company needs to divert cash flows to ensure regulatory compliance”.
Marathon Oil Corporation (Marathon Oil) is an worldwide energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.(E.G.), Ethiopia, Gabon, Kenya, the Kurdistan Region of Iraq, Libya, Norway, Poland and the United Kingdom.
– David Peltier “Stocks Under $10 Weekly Roundup” Originally Published on 8/21/2015 on Stocks Under $10. Robert W. Baird reissued an “outperform” rating and set a $44.00 target price (up from $40.00) on shares of Whiting Petroleum Corp in a research report on Saturday, May 9th. The stock failed to get pushed above the $10.48 barrier, the intraday high. Strong buy was given by 8 Wall Street Analysts. Mr. Gresh thinks Marathon Petroleum is well-positioned to capitalize on its business in current market conditions. Global Hunter Securities upgraded shares of Whiting Petroleum Corp from an “accumulate” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, May 19th. The company’s market cap is $3.59 billion.
Goodrich Petroleum Corporation (NYSE:GDP): On Thursday heightened volatility was witnessed in Goodrich Petroleum Corporation (NYSE:GDP) which led to swings in the share price.
Marathon Oil Corporation last posted quarterly earnings per share of $-0.23 on 2015-0-8-05 based on the quarter that ended on 2015-06-30. They presently have a $18.44 price target on the oil and gas exploration company’s stock.
The stock price of Whiting Petroleum Corp has plunged 65.87% over the last 200 days, and is in strong down trend. The problem lies in the fact that those expectations were weak as the company reported a $0.23 per share loss on the quarter. Marathon Petroleum Corporation has dropped 7.63% during the last 3-month period.
Now the company Insiders own 0.5% of Whiting Petroleum Corp. Some of this may still be getting shaken out on Monday, the final trading day of August. Trading volume was at 16.24 million shares versus an average volume of 12.11 million shares. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were purchased at an average cost of $53.40 per share, with a total value of $128,160.00. This was compared to earnings per share of $0.57 one year prior. The disclosure for this purchase can be found here.
Whiting Petroleum Corporation is an independent oil and gas company. It cited extended commodity price weakness as the reason for its downgrade of Marathon and a handful of other oil companies.