Stock Traders Purchase High Volume of Whiting Petroleum Corporation Put Options (WLL)
Whiting Petroleum Corporation (NYSE:WLL) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 1,246 put options on the stock. This represents an increase of 159% compared to the typical daily volume of 482 put options.
Several institutional investors have recently added to or reduced their stakes in WLL. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum Corporation during the second quarter worth $102,000. Campbell & CO Investment Adviser LLC boosted its position in Whiting Petroleum Corporation by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 3,988 shares in the last quarter. World Asset Management Inc boosted 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 buying an additional 570 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in Whiting Petroleum Corporation during the second quarter worth $121,000. Finally, Gotham Asset Management LLC boosted 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 buying an additional 2,566 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.
Whiting Petroleum Corporation (NYSE:WLL) opened at 4.43 on Friday. Whiting Petroleum Corporation has a 52 week low of $4.27 and a 52 week high of $13.39. The stock’s market cap is $1.61 billion. The company’s 50-day moving average is $5.05 and its 200 day moving average is $7.77.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.70) EPS. On average, analysts expect that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.
Several research analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating on shares of Whiting Petroleum Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus lowered their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Citigroup Inc. lowered their price objective on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.28.
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Whiting Petroleum Corporation 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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