Bailard Inc. acquired a new position in shares of Whiting Petroleum Corp (NYSE:WLL) in the 3rd quarter, Holdings Channel reports. The fund acquired 13,400 shares of the oil and gas exploration company’s stock, valued at approximately $711,000.
Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Whiting Petroleum by 240.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock worth $172,000 after buying an additional 2,295 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Whiting Petroleum during the second quarter worth $176,000. Integrated Investment Consultants LLC acquired a new stake in shares of Whiting Petroleum during the second quarter worth $178,000. Lourd Capital LLC acquired a new stake in shares of Whiting Petroleum during the third quarter worth $204,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Whiting Petroleum during the third quarter worth $239,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
In other Whiting Petroleum news, insider Rick A. Mr. Ross sold 2,079 shares of Whiting Petroleum stock in a transaction on Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the completion of the transaction, the insider now owns 73,536 shares of the company’s stock, valued at $4,045,215.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William N. Hahne sold 2,300 shares of Whiting Petroleum stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $36.85, for a total transaction of $84,755.00. Following the completion of the transaction, the director now directly owns 20,914 shares of the company’s stock, valued at approximately $770,680.90. The disclosure for this sale can be found here. Insiders sold 16,855 shares of company stock valued at $885,800 in the last ninety days. 1.70% of the stock is owned by corporate insiders.
NYSE WLL opened at $29.90 on Friday. The firm has a market cap of $2.80 billion, a P/E ratio of -22.82, a price-to-earnings-growth ratio of 1.23 and a beta of 3.04. Whiting Petroleum Corp has a 1 year low of $21.38 and a 1 year high of $56.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.56 and a quick ratio of 0.56.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. The company had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same quarter in the previous year, the company earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 74.8% on a year-over-year basis. On average, equities analysts predict that Whiting Petroleum Corp will post 3.14 EPS for the current fiscal year.
Several research firms have recently commented on WLL. JPMorgan Chase & Co. set a $26.00 price objective on shares of Whiting Petroleum and gave the stock a “hold” rating in a research note on Friday. Stephens began coverage on shares of Whiting Petroleum in a research note on Thursday. They set an “overweight” rating and a $54.00 price objective for the company. Imperial Capital set a $45.00 price objective on shares of Whiting Petroleum and gave the stock an “in-line” rating in a research note on Thursday, November 1st. Morgan Stanley reiterated an “overweight” rating on shares of Whiting Petroleum in a research note on Thursday, September 27th. Finally, Capital One Financial downgraded shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a research note on Monday, October 8th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $50.07.
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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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