Whiting Petroleum Corporation (NYSE:WLL) saw unusually large options trading activity on Wednesday. Traders bought 1,246 put options on the stock. This is an increase of 159% compared to the average daily volume of 482 put options.

Hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC raised its stake in shares of Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Whiting Petroleum Corporation during the 2nd quarter worth about $102,000. Shell Asset Management Co. acquired a new stake in shares of Whiting Petroleum Corporation during the 3rd quarter worth about $1,565,000. Campbell & CO Investment Adviser LLC increased its position in shares of Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after purchasing an additional 3,988 shares in the last quarter. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Whiting Petroleum Corporation during the 2nd quarter worth about $121,000. Institutional investors own 83.23% of the company’s stock.

Whiting Petroleum Corporation (WLL) opened at $6.51 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same quarter in the prior year, the company posted ($0.47) EPS. The business’s revenue was up 2.8% on a year-over-year basis. sell-side analysts forecast that Whiting Petroleum Corporation will post -0.6 earnings per share for the current fiscal year.

Several research firms have commented on WLL. ValuEngine downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group LLC began coverage on shares of Whiting Petroleum Corporation in a research report on Monday, October 9th. They issued a “hold” rating and a $6.00 target price for the company. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. set a $9.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus set a $10.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.13.

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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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