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Macquarie downgraded Whiting Petroleum Corp (NYSE:WLL) to Neutral in a report released today.

Macquarie has downgraded Whiting Petroleum Corp (NYSE:WLL) to Neutral in a report released on Wednesday June 21, 2017.

Yesterday Whiting Petroleum Corp (NYSE:WLL) traded 0.21% higher at $5.70. The company’s 50-day moving average is $4.62 and its 200-day moving average is $6.87. The last stock close price is down -29.26% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 18,106,138 shares of the stock were exchanged, down from an average trading volume of 21,016,100

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Whiting Petroleum Corp (NYSE:WLL)

Whiting Petroleum Corp has a 52 week low of $3.97 and a 52 week high of $13.39 The company’s market cap is currently $0.

In addition to Macquarie reporting its target price, a total of 34 firms have reported on the stock. The consensus target price is $13.74 with 6 firms rating the stock a strong buy, 10 firms rating the stock a buy, 21 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 2 firms rating the stock a sell.

About Whiting Petroleum Corp (NYSE:WLL)

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. Its Northern Rocky Mountains operations included properties in the Williston Basin of North Dakota and Montana targeting the Bakken and Three Forks formations and encompassing approximately 736,000 gross developed and undeveloped acres, as of December 31, 2016. Its Central Rocky Mountains operations included properties at its Redtail field in the Denver Julesburg Basin in Weld County, Colorado targeting the Niobrara and Codell/Fort Hays formations and encompassing approximately 157,200 gross developed and undeveloped acres, as of December 31, 2016. Its other operations primarily relate to non-core assets in Colorado, Mississippi, North Dakota, Texas and Wyoming.

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