NEW YORK (TheStreet) --Shares of Whiting Petroleum Corp. WLL are higher by 4.82% to $37.86 in mid-morning trading on Friday, as stocks within the oil and energy sector get a jolt today due to the rebound in the price of oil. Crude oil (WTI) is gaining by 3.55% to $53.03 per barrel and Brent crude is climbing by 4.37% to $57.05 per barrel this morning, according to the Bloomberg index. Oil is rising today off of signs pointing to an increase in industry spending cuts, which can result in the reduction of an excess oil supply, Reuters reports. Oil is also getting a boost from Germany's gross domestic product data which exceeded expectations. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "During the last weeks, crude oil rebounded driven by improved market sentiment and by expectations that low prices will lead to lower supply growth in 2015," an analyst with Intesa Sanpaolo said in a report, Reuters noted. Earlier today oil prices moved over $60 per barrel for the first time in 2015. Between June 2014 and January of this year oil prices have fallen more than 50% as a result of the global oversupply and then OPEC's refusal to curb its production rate. Separately, TheStreet Ratings team rates WHITING PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate WHITING PETROLEUM CORP (WLL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: The revenue growth greatly exceeded the industry average of 21.4%. Since the same quarter one year prior, revenues rose by 13.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. The debt-to-equity ratio is somewhat low, currently at 0.65, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that WLL's debt-to-equity ratio is low, the quick ratio, which is currently 0.58, displays a potential problem in covering short-term cash needs. Looking at the price performance of WLL's shares over the past 12 months, there is not much good news to report: the stock is down 31.56%, and it has underformed the S&P 500 Index. In addition, the company's earnings per share are lower today than the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now. The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, WHITING PETROLEUM CORP's return on equity is below that of both the industry average and the S&P 500. You can view the full analysis from the report here: WLL Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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