Whiting Petroleum Corp. (NYSE:WLL) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 67,736,998 shares, a growth of 6.1% from the October 14th total of 63,821,605 shares. Based on an average daily volume of 21,758,565 shares, the short-interest ratio is currently 3.1 days. Approximately 24.8% of the company’s stock are short sold.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 9.13 on Friday. The firm has a 50-day moving average of $8.66 and a 200 day moving average of $9.11. Whiting Petroleum Corp. has a 52-week low of $3.35 and a 52-week high of $17.64. The company’s market capitalization is $2.56 billion.

Whiting Petroleum Corp. (NYSE:WLL) last announced its earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.07. The company had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s quarterly revenue was down 74.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) earnings per share. On average, analysts anticipate that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.

A number of hedge funds have recently made changes to their positions in WLL. Third Point LLC bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at approximately $75,932,000. Vanguard Group Inc. increased its stake in shares of Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock valued at $161,853,000 after buying an additional 2,961,485 shares during the period. Victory Capital Management Inc. increased its stake in shares of Whiting Petroleum Corp. by 329.4% in the second quarter. Victory Capital Management Inc. now owns 3,234,694 shares of the oil and gas exploration company’s stock valued at $29,953,000 after buying an additional 2,481,447 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at approximately $20,930,000. Finally, First Trust Advisors LP increased its stake in shares of Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock valued at $37,058,000 after buying an additional 1,772,115 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a research report on Tuesday, July 26th. KLR Group boosted their target price on shares of Whiting Petroleum Corp. from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, October 31st. Vetr downgraded shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price for the company. in a research report on Monday, October 3rd. Canaccord Genuity reissued a “buy” rating and issued a $12.00 target price on shares of Whiting Petroleum Corp. in a research report on Thursday, October 27th. Finally, Wunderlich boosted their target price on shares of Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Whiting Petroleum Corp. currently has an average rating of “Hold” and an average price target of $12.00.

About Whiting Petroleum Corp.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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