Economy

What's The Story Behind Whiting Petroleum Corp. (NYSE:WLL)

A number of hedge funds and other institutional investors have recently bought and sold shares of WLL.

Consequently Whiting Petroleum Corp (NYSE:WLL)'s weekly and monthly volatility is 4.79%, 4.95% respectively. Total debt to equity ratio of the company for most recent quarter is 0.66 whereas long term debt to equity ratio for most recent quarter is 0.66. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 25,799,001 shares of the stock are valued at $131.58 million. Envestnet Asset Management Inc. lifted its position in Whiting Petroleum Corporation by 11.7% during the first quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company's stock worth $835,000 after buying an additional 850 shares during the last quarter.

Whiting Petroleum Corp. (WLL) is expected to post revenue of $379.33 Million in the current quarter, according to consensus of 21 analysts. Investment Centers of America Inc. now owns 41,362 shares of the oil and gas exploration company's stock worth $392,000 after buying an additional 946 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Whiting Petroleum Corporation by 1.9% in the second quarter. Earnings per share serves as an indicator of a company's profitability.

The stock is now showing YTD performance of -57.57 Percent. Whiting Petroleum Corporation (NYSE:WLL)'s short interest is 71.2 million shares, or 20.03% of the float. The company's 50-day moving average price is $5.07 and its 200 day moving average price is $6.13. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39. The company operates in the Energy sector with a market capitalization of 1.72 Million.

The collective rating of 2.7 for Whiting Petroleum Corporation (NYSE:WLL) also leans strongly towards the neutral end of the spectrum. During last 3 month period, 0.03% of total institutional ownership has changed in the company shares. The business had revenue of $311.50 million for the quarter, compared to analyst estimates of $345.64 million.

While having a peek at profitability ratios Whiting Petroleum Corp (NYSE:WLL) has trailing twelve month gross margin at 75.1%, its trailing twelve month operating margin stands at -25.6% whereas its trailing twelve month net profit margin spots at -76%. The firm's revenue for the quarter was down 7.6% compared to the same quarter past year. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will earn ($0.15) per share for the quarter, up from their previous estimate of ($0.16).

COPYRIGHT VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and republished in violation of USA & worldwide trademark and copyright legislation. Iberia Capital Partners maintained Whiting Petroleum Corp (NYSE:WLL) rating on Monday, May 15.

Anchorage Capital Group Llc decreased Whiting Pete Corp New (WLL) stake by 88.57% reported in 2017Q2 SEC filing. Citigroup Inc. reduced their price target on Whiting Petroleum Corporation from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, July 13th. Morgan Stanley downgraded the stock and lowered the price target on September 13 changing the price objective from $13.00 to $3.50 and cutting the rating from "Equalweight" to "Underweight". Cowen and Company restated a "buy" rating and issued a $8.00 price target on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th.

Whiting Petroleum Corp. (WLL) has been given an average price target of $7.6 from analysts, according to data collected by Finviz. Zacks Investment Research upgraded Whiting Petroleum Corporation from a "hold" rating to a "buy" rating and set a $6.00 price target for the company in a research report on Thursday, October 12th.

Among 5 analysts covering Apollo Commercial Real Estate Finance (NYSE:ARI), 1 have Buy rating, 0 Sell and 4 Hold. The mean target price as estimated by the analysts for the company has been recorded at $7.60. It is engaged in the exploration and production of crude oil, natural gas liquid and natural gas.



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