California Public Employees Retirement System lifted its holdings in shares of Whiting Petroleum Corp (NYSE:WLL) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 685,691 shares of the oil and gas exploration company’s stock after purchasing an additional 37,993 shares during the quarter. California Public Employees Retirement System owned about 0.76% of Whiting Petroleum worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chicago Equity Partners LLC acquired a new stake in shares of Whiting Petroleum during the 2nd quarter worth about $102,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Whiting Petroleum during the 3rd quarter worth about $133,000. First Allied Advisory Services Inc. raised its position in shares of Whiting Petroleum by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after acquiring an additional 475 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Whiting Petroleum by 92.9% during the 2nd quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after acquiring an additional 12,815 shares in the last quarter. Finally, Advisor Group Inc. raised its position in shares of Whiting Petroleum by 167.2% during the 3rd quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock worth $154,000 after acquiring an additional 17,604 shares in the last quarter.
Shares of Whiting Petroleum Corp (NYSE:WLL) opened at $30.36 on Friday. Whiting Petroleum Corp has a 1 year low of $15.88 and a 1 year high of $49.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $2,776.28, a P/E ratio of -4.22 and a beta of 3.40.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted ($1.88) EPS. equities analysts anticipate that Whiting Petroleum Corp will post -2.13 earnings per share for the current year.
Several research analysts have commented on WLL shares. Morgan Stanley set a $16.00 price target on Whiting Petroleum and gave the stock a “sell” rating in a research report on Thursday, October 26th. Capital One Financial upgraded Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. SunTrust Banks set a $36.00 target price on Whiting Petroleum and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, October 12th. Finally, Cowen restated a “buy” rating and issued a $32.00 price target on shares of Whiting Petroleum in a research note on Friday, November 10th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Whiting Petroleum presently has an average rating of “Hold” and an average price target of $33.53.
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Whiting Petroleum 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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