FNY Investment Advisers LLC purchased a new stake in shares of Whiting Petroleum Corp (NYSE:WLL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,900 shares of the oil and gas exploration company’s stock, valued at approximately $50,000.
Several other institutional investors and hedge funds also recently made changes to their positions in WLL. United Services Automobile Association increased its stake in Whiting Petroleum by 7.7% in the 2nd quarter. United Services Automobile Association now owns 18,666 shares of the oil and gas exploration company’s stock valued at $349,000 after buying an additional 1,340 shares during the period. Oppenheimer & Co. Inc. increased its stake in Whiting Petroleum by 12.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 2,679 shares during the period. Public Employees Retirement System of Ohio increased its stake in Whiting Petroleum by 58.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after buying an additional 3,570 shares during the period. State of Tennessee Treasury Department increased its stake in Whiting Petroleum by 7.2% in the 3rd quarter. State of Tennessee Treasury Department now owns 61,777 shares of the oil and gas exploration company’s stock valued at $496,000 after buying an additional 4,175 shares during the period. Finally, LPL Financial LLC increased its stake in Whiting Petroleum by 33.6% in the 2nd quarter. LPL Financial LLC now owns 17,915 shares of the oil and gas exploration company’s stock valued at $335,000 after buying an additional 4,502 shares during the period. Institutional investors and hedge funds own 99.68% of the company’s stock.
NYSE WLL opened at $4.81 on Wednesday. The company has a 50-day moving average of $6.41 and a 200-day moving average of $8.05. The company has a market cap of $434.13 million, a P/E ratio of 4.04 and a beta of 3.28. Whiting Petroleum Corp has a 12 month low of $4.29 and a 12 month high of $30.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.30). The business had revenue of $372.89 million for the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The firm’s revenue for the quarter was down 34.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. As a group, equities research analysts anticipate that Whiting Petroleum Corp will post -1.05 EPS for the current year.
Several equities research analysts have commented on WLL shares. Morgan Stanley decreased their target price on shares of Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. S&P Equity Research decreased their target price on shares of Whiting Petroleum from $6.60 to $6.14 in a research report on Tuesday, December 17th. Raymond James lowered shares of Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $10.00 in a research report on Thursday, October 17th. Imperial Capital restated an “in-line” rating and set a $10.00 target price (down from $15.00) on shares of Whiting Petroleum in a research report on Thursday, November 7th. Finally, Wolfe Research lowered shares of Whiting Petroleum from a “peer perform” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.09.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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