ValuEngine upgraded shares of Whiting USA (OTCMKTS:WHZT) from a sell rating to a hold rating in a research report sent to investors on Wednesday, May 9th.
Shares of Whiting USA opened at $2.90 on Wednesday, MarketBeat.com reports. Whiting USA has a fifty-two week low of $0.95 and a fifty-two week high of $3.80. The company has a market capitalization of $56.30 million, a price-to-earnings ratio of 8.27 and a beta of 1.49.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Friday, May 18th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 39.31%. The ex-dividend date is Thursday, May 17th. This is a positive change from Whiting USA’s previous quarterly dividend of $0.17.
About Whiting USA
Whiting USA Trust II holds a term net profits interest in the oil and gas producing properties located in the Permian Basin, Rocky Mountains, Gulf Coast, and Mid-Continent regions. As of December 31, 2017, its oil and gas properties included interests in approximately 376.7 net producing oil and natural gas wells located in 47 predominately mature fields with established production profiles in 10 states.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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