NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. (WLL) are surging, up 5.91% to $41.60 in late morning trading Wednesday, as energy stocks are gaining ahead of a policy decision from the European Central Bank and the jobs report on nonfarm payrolls, Bloomberg reports.
The ECB releases the last set of monetary policy decisions tomorrow when they meet in Frankfurt, Germany.
Investors are awaiting a decision that may lead to full-scale quantitative easing. Printing money to boost bonds would in theory boost inflation and add to growth, Reuters added.
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The U.S. Labor Department releases its monthly employment situation report on Friday. Economists are expecting nonfarm payroll to advance 235,000 moth over month in November after gaining 214,000 in October.
Separately, TheStreet Ratings team rates WHITING PETROLEUM CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHITING PETROLEUM CORP (WLL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."