Quantbot Technologies LP increased its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 121.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,032 shares of the oil and gas exploration company’s stock after acquiring an additional 98,034 shares during the period. Quantbot Technologies LP’s holdings in Whiting Petroleum were worth $977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WLL. ProShare Advisors LLC grew its holdings in shares of Whiting Petroleum by 1.4% in the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock valued at $156,000 after acquiring an additional 388 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares in the last quarter. MML Investors Services LLC raised its position in Whiting Petroleum by 1.9% during the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 895 shares in the last quarter. HL Financial Services LLC increased its holdings in shares of Whiting Petroleum by 2.1% in the second quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock worth $274,000 after buying an additional 1,000 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Whiting Petroleum by 6.9% in the first quarter. Principal Financial Group Inc. now owns 35,718 shares of the oil and gas exploration company’s stock worth $338,000 after buying an additional 2,320 shares during the period.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded up $0.91 during trading on Thursday, reaching $24.42. 4,359,545 shares of the company’s stock were exchanged, compared to its average volume of 4,767,772. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corp has a 52 week low of $15.88 and a 52 week high of $53.48.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum 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 for the quarter, compared to analysts’ expectations of $330.25 million. During the same period last year, the company earned ($1.88) EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts forecast that Whiting Petroleum Corp will post -2.39 earnings per share for the current year.
A number of analysts have recently commented on the company. ValuEngine raised Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Robert W. Baird increased their price objective on shares of Whiting Petroleum from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Cowen restated a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum in a research report on Friday, November 10th. Imperial Capital reduced their target price on shares of Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating on the stock in a research report on Monday, November 13th. Finally, J P Morgan Chase & Co dropped their price objective on shares of Whiting Petroleum from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.27.
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Whiting Petroleum 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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