Whiting Rises On Unusually High Volume (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) -- Whiting Petroleum Corporation (NYSE: WLL) is trading at unusually high volume Thursday with three million shares changing hands. It is currently at two times its average daily volume and trading up $1.29 (+2.6%) at $50.60 as of 3:56 p.m. ET.

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Whiting has a market cap of $5.75 billion and is part of the basic materials sector and energy industry. Shares are up 12.8% 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 14.8, 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 sub par growth in net income. You can view the full Whiting Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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