NEW YORK (TheStreet) -- Whiting Petroleum (WLL) - Get Report shares are down 2.87% to $32.84 in trading on Monday as oil prices show volatility today.

Light, sweet crude for April delivery reversed its earlier decline to turn positive, up 0.7% to $50.11, while West Texas crude also climbs 1.73% to $50.62 in trading today. Industry standard Brent crude is not gaining today however, down 2.52% to $61.

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The earlier reversal was due in part to new data from industry forecaster Genscape that showed that crude supplies at a closely watched hub in Oklahoma climbed by a lower than expected number last week.

Genscape reported that oil inventories in Cushing, OK grew by 1.39 million barrels last week, short of the nearly 2 million barrels per week inventories have grown by over the last 12 months, according to the Energy Information Association.

Part of the reason for today's volatility is the fact that the EIA's official numbers will be released on Wednesday though Genscape's unofficial numbers are widely used by traders in the industry, according to the Wall Street Journal.

Investors had previously been worried that storage space at the Cushing site would soon run out if production levels continued at the previous pace but last week's slowdown alleviated some of those fears, according to the Journal.

TheStreet Ratings team rates WHITING PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate WHITING PETROLEUM CORP (WLL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Despite the weak revenue results, WLL has outperformed against the industry average of 18.7%. Since the same quarter one year prior, revenues slightly dropped by 4.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• The gross profit margin for WHITING PETROLEUM CORP is currently very high, coming in at 71.37%. Regardless of WLL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, WLL's net profit margin of -52.00% significantly underperformed when compared to the industry average.
• Net operating cash flow has declined marginally to $466.00 million or 5.01% when compared to the same quarter last year. Despite a decrease in cash flow of 5.01%, WHITING PETROLEUM CORP is in line with the industry average cash flow growth rate of -12.58%.
• WHITING PETROLEUM CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, WHITING PETROLEUM CORP reported lower earnings of $0.81 versus $3.07 in the prior year. For the next year, the market is expecting a contraction of 234.6% in earnings (-$1.09 versus $0.81).
• The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 496.8% when compared to the same quarter one year ago, falling from -$59.27 million to -$353.68 million.
• You can view the full analysis from the report here: WLL Ratings Report