Investors Buy Large Volume of Whiting Petroleum Corp Call Options (WLL)
Whiting Petroleum Corp (NYSE:WLL) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 2,973 call options on the stock. This is an increase of 264% compared to the average volume of 817 call options.
Several hedge funds have recently added to or reduced their stakes in the company. Keybank National Association OH bought a new stake in Whiting Petroleum Corp during the fourth quarter worth approximately $121,000. Bienville Capital Management LLC boosted its stake in Whiting Petroleum Corp by 1.0% in the fourth quarter. Bienville Capital Management LLC now owns 10,398 shares of the oil and gas exploration company’s stock worth $125,000 after buying an additional 107 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Whiting Petroleum Corp by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc boosted its stake in Whiting Petroleum Corp 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 buying an additional 570 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Whiting Petroleum Corp 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 buying an additional 2,566 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded down 0.23% on Wednesday, hitting $8.67. The stock had a trading volume of 6,445,635 shares. The firm’s market cap is $3.14 billion. The firm’s 50-day moving average price is $8.61 and its 200 day moving average price is $10.25. Whiting Petroleum Corp has a 12 month low of $6.38 and a 12 month high of $14.44.
Whiting Petroleum Corp (NYSE:WLL) last released its earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. The business had revenue of $371.30 million during the quarter, compared to analysts’ expectations of $359.28 million. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. The company’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.85) earnings per share. Analysts anticipate that Whiting Petroleum Corp will post ($0.50) EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. FBR & Co lowered their price target on Whiting Petroleum Corp from $13.00 to $11.00 and set a “mkt perform” rating on the stock in a report on Wednesday, May 10th. BMO Capital Markets set a $10.00 price target on Whiting Petroleum Corp and gave the company a “hold” rating in a report on Monday, May 15th. R. F. Lafferty increased their price target on Whiting Petroleum Corp from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Iberia Capital reissued a “sector perform” rating and set a $10.00 price target on shares of Whiting Petroleum Corp in a report on Friday, May 12th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $12.00 price target on shares of Whiting Petroleum Corp in a report on Tuesday, April 25th. Fifteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.73.
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Whiting Petroleum Corp Company 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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