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Investor’s Alert: WPX Energy Inc(WPX), SandRidge Energy Inc.(SD), Whiting Petroleum Corp (WLL)

A report today showed filings for unemployment benefits decreased to a four-week low and continue to hover near the lowest since the 1970s, indicating a still-solid labor market approaching the new year.

“A lot of investors were waiting on the sidelines for central banks to act and once they did they weren’t desperate to rapidly start investing and are waiting for 2016,” said Ben Kumar, who helps oversee about $14 billion as an investment manager at Seven Investment Management in London. “People who followed the broader market and are ending the year flat are now looking for momentum in specific sector such as tech companies or bargains such as those in the energy sector.”

WPX Energy Inc (NYSE:WPX) percentage change gained 0.34% to close at $5.92 with the total traded volume of 1.40M shares less than average volume of 8.92M.

Its beta value stands at 1.32 times and earning per share was $0.52. The company has total of 275.28M outstanding shares and its total market capitalization is $1.69B.

52-week price range of the stock remained $5.15 – $14.65, while during last trade its minimum price was $5.66 and it gained highest price of $5.95. WPX Energy Inc(NYSE:WPX) on 19 November announced that it has completed the sale of a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. (ARES). The sale is part of WPX’s deleveraging plan targeting $400-$500 million in divestitures by the end of 2015. WPX also recently completed an $80 million sale of its coalbed methane properties in Wyoming. WPX is working to reduce debt from a transformative acquisition in August that added decades of drilling inventory in the core of the Permian’s Delaware Basin.

Can WPX Show a Strong Recovery? Find out in This Research Report

SandRidge Energy Inc.(NYSE:SD) remained among the day losers and traded with volume of 6.09M shares in the last session as compared to average volume of 14.26M shares.

52 week range of the stock remained $0.20 – $2.53, while its day lowest price was $0.22 and its hit its day highest price at $0.24. SD total market capitalization is $143.05M along with 580.04M shares outstanding. SandRidge Energy Inc.(NYSE:SD) explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services. The Exploration and Production segment explores for, develops, and produces oil and natural gas properties; and operates wells. The Drilling and Oil Field Services segment engages in the contract drilling of oil and natural gas wells. This segment also offers oil field services, such as providing pulling units, trucking, rental tools, location, and road construction and roustabout services.

Get a Free Report and Detailed Analysis on SD Click Here to Read

Whiting Petroleum Corp (NYSE:WLL) started its trading session with the price $10.74, and closed at price of $10.11 by scoring -5.16%.

WLL stock traded with total volume of 5.59M shares while the average trading capacity remained 11.65M shares. The beta of the WLL stands at 2.18. Day range of the stock was $9.95 – $10.91. Whiting Petroleum Corp (NYSE:WLL) acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2014, the company’s estimated proved reserves totaled 780.3 million barrels of oil equivalent; and had interests in 4,471 net productive wells across approximately 886,700 net developed acres. Whiting Petroleum Corporation was founded in 1980 and is based in Denver, Colorado.

How Should Investors React to WLL Now? Find Out in this Trend Analysis Report