Whiting Petroleum (WLL) Stock Sinking as Oil Prices Fall

NEW YORK (TheStreet) -- Shares of Whiting Petroleum (WLL) - Get Report are down by 3.02% to $10.60 in midday trading on Friday, as the price of oil declines and drives some energy and related stocks into negative territory.

The price of the commodity is trading in the red as the dollar strengthens and as investors cash in on recent gains, Reuters reports.

Crude oil (WTI) is lower by 1.07% to $46.20 per barrel and Brent crude is sliding by 0.64% to $47.77 per barrel this afternoon.

Also pressuring oil prices today, OPEC reported a rise of 188,000 barrels per day in its production for April to 32.44 million, Reuters added. This is the highest level since 2008.

Whiting Petroleum is a Denver, CO-based independent oil and gas company focused on development, production, acquisition and exploration activities.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate WHITING PETROLEUM CORP as a Sell with a ratings score of D. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income.

You can view the full analysis from the report here: WLL