Stephens Inc. AR Buys 571,993 Shares of Whiting Petroleum Corporation (WLL)
Stephens Inc. AR increased its stake in Whiting Petroleum Corporation (NYSE:WLL) by 684.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 655,538 shares of the oil and gas exploration company’s stock after acquiring an additional 571,993 shares during the period. Stephens Inc. AR owned approximately 0.18% of Whiting Petroleum Corporation worth $3,612,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Asset Management Inc grew its position in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after acquiring an additional 570 shares in the last quarter. Gotham Asset Management LLC grew its position in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after acquiring an additional 2,566 shares in the last quarter. Koch Industries Inc. purchased a new position in Whiting Petroleum Corporation in the first quarter worth about $138,000. Robecosam AG purchased a new position in Whiting Petroleum Corporation in the first quarter worth about $138,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Whiting Petroleum Corporation in the first quarter worth about $155,000. Institutional investors own 83.96% of the company’s stock.
Several research firms recently commented on WLL. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Seaport Global Securities lowered Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $10.00 to $4.00 in a research report on Wednesday, June 21st. BidaskClub lowered Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Credit Suisse Group lowered Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Thursday, June 1st. Finally, Macquarie lowered Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $5.30 to $5.70 in a research report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.28.
Whiting Petroleum Corporation (NYSE:WLL) traded up 4.38% during mid-day trading on Tuesday, hitting $4.29. 4,927,865 shares of the stock traded hands. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The company’s market cap is $1.56 billion. The firm’s 50-day moving average is $4.68 and its 200-day moving average is $7.01.
Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. During the same quarter in the prior year, the business posted ($0.70) earnings per share. Whiting Petroleum Corporation’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.
Whiting Petroleum Corporation Profile
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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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