Whiting Petroleum Corporation (WLL) Short Interest Update
Whiting Petroleum Corporation (NYSE:WLL) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 62,225,254 shares, an increase of 15.0% from the May 15th total of 54,123,885 shares. Based on an average daily volume of 19,620,430 shares, the short-interest ratio is presently 3.2 days. Approximately 17.3% of the company’s stock are short sold.
A number of research analysts have weighed in on WLL shares. FBR & Co cut their target price on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research report on Wednesday, May 10th. R. F. Lafferty boosted their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. BMO Capital Markets set a $10.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Monday, May 15th. Credit Suisse Group lowered shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Thursday, June 1st. Finally, Iberia Capital reissued a “sector perform” rating and set a $10.00 target price on shares of Whiting Petroleum Corporation in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.44.
Whiting Petroleum Corporation (WLL) opened at 6.73 on Wednesday. The company has a 50-day moving average of $7.84 and a 200 day moving average of $10.02. Whiting Petroleum Corporation has a one year low of $5.65 and a one year high of $13.39. The firm’s market capitalization is $2.44 billion.
Whiting Petroleum Corporation (NYSE:WLL) last posted its earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.07. Whiting Petroleum Corporation had a negative net margin of 106.04% and a negative return on equity of 8.76%. The firm had revenue of $371.30 million for the quarter, compared to analyst estimates of $359.28 million. During the same period in the previous year, the firm posted ($0.85) EPS. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. On average, analysts anticipate that Whiting Petroleum Corporation will post ($0.51) EPS for the current year.
A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Whiting Petroleum Corporation during the fourth quarter worth $6,963,000. Comerica Bank raised its stake in Whiting Petroleum Corporation by 26.2% in the fourth quarter. Comerica Bank now owns 28,832 shares of the oil and gas exploration company’s stock worth $353,000 after buying an additional 5,988 shares during the last quarter. Van ECK Associates Corp raised its stake in Whiting Petroleum Corporation by 12.0% in the fourth quarter. Van ECK Associates Corp now owns 42,680 shares of the oil and gas exploration company’s stock worth $513,000 after buying an additional 4,561 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Whiting Petroleum Corporation by 65.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,887,461 shares of the oil and gas exploration company’s stock worth $130,872,000 after buying an additional 4,298,479 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Whiting Petroleum Corporation by 1.5% in the fourth quarter. Baird Financial Group Inc. now owns 20,480 shares of the oil and gas exploration company’s stock worth $246,000 after buying an additional 300 shares during the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
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About Whiting Petroleum Corporation
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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