Whiting Stock Gaps Up On Today's Open (WLL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Shares of Whiting Petroleum Corporation (NYSE: WLL) were gapping up Thursday morning with an open price 12.4% higher than Wednesday's closing price. The stock closed at $42.04 Wednesday and opened today's trading at $47.25.

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The average volume for Whiting has been 1.7 million shares per day over the past 30 days. Whiting has a market cap of $5.07 billion and is part of the basic materials sector and energy industry. Shares are down 7.7% year to date as of the close of trading on Wednesday.

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. The company has a P/E ratio of 13, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Whiting as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Whiting Ratings Report.

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