NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are lower by 1.31% to $37.65 in early afternoon trading on Monday, as some stocks with in the oil sector decline along with the price of oil. Crude oil (WTI) is falling by 2.72% to $49.43 per barrel and Brent crude is retreating by 1.05% to $59.59 per barrel this morning, according to the Bloomberg index. Concerns regarding the global oversupply, the U.S. refinery strike, and an increase in the dollar all are factors pushing oil lower today. Exclusive Report: Jim Cramer's Best Stocks for 2015 Over the weekend, the largest U.S. refinery strike in 35 years began its fourth week as workers at 12 refineries, making up one-fifth of the national production capacity, were marching along picket lines, Reuters reports. Between June and January oil prices have fallen more than 50% on the global over supply. In November OPEC's announcement that it would not be reducing its production output sent prices tumbling further. Since January prices have seen sessions in the green as traders closed their longstanding short positions resulting from the falling U.S. rig count, Reuters added. 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 20.1%. 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. Net operating cash flow has decreased to $457.64 million or 10.94% when compared to the same quarter last year. Despite a decrease in cash flow of 10.94%, WHITING PETROLEUM CORP is in line with the industry average cash flow growth rate of -16.04%. 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
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