Whiting Petroleum Corporation (NYSE:WLL) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 86,562,523 shares, an increase of 12.1% from the August 15th total of 77,218,283 shares. Approximately 24.1% of the shares of the company are short sold. Based on an average daily trading volume, of 15,100,982 shares, the short-interest ratio is currently 5.7 days.

WLL has been the subject of several analyst reports. Citigroup Inc. cut their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus cut their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.99.

Several institutional investors and hedge funds have recently made changes to their positions in WLL. Nationwide Fund Advisors raised its stake in shares of Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Whiting Petroleum Corporation by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company’s stock valued at $241,000 after acquiring an additional 4,469 shares during the period. Swiss National Bank raised its stake in shares of Whiting Petroleum Corporation by 3.5% in the first quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock valued at $4,432,000 after acquiring an additional 15,800 shares during the period. World Asset Management Inc raised its stake in shares of 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 valued at $120,000 after acquiring an additional 570 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Whiting Petroleum Corporation in the first quarter valued at $1,090,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 4.86 on Friday. The company’s market cap is $1.76 billion. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $6.87.

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 (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. During the same quarter in the prior year, the firm earned ($0.70) earnings per share. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that Whiting Petroleum Corporation will post ($0.70) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Whiting Petroleum Corporation (WLL) Sees Significant Growth in Short Interest” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/09/17/whiting-petroleum-corporation-wll-sees-significant-growth-in-short-interest.html.

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.

Receive News & Ratings for Whiting Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.