Syntal Capital Partners LLC maintained its stake in Whiting Petroleum Corp. (NYSE:WLL) during the second quarter, Holdings Channel reports. The fund owned 26,667 shares of the oil and gas exploration company’s stock at the end of the second quarter. Syntal Capital Partners LLC’s holdings in Whiting Petroleum Corp. were worth $246,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Whiting Petroleum Corp. during the fourth quarter valued at about $12,090,000. Commonwealth Equity Services Inc boosted its stake in Whiting Petroleum Corp. by 12.2% in the first quarter. Commonwealth Equity Services Inc now owns 49,088 shares of the oil and gas exploration company’s stock valued at $392,000 after buying an additional 5,347 shares during the last quarter. Aperio Group LLC boosted its stake in Whiting Petroleum Corp. by 15.5% in the first quarter. Aperio Group LLC now owns 126,447 shares of the oil and gas exploration company’s stock valued at $1,009,000 after buying an additional 16,935 shares during the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in Whiting Petroleum Corp. by 11.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 50,000 shares of the oil and gas exploration company’s stock valued at $399,000 after buying an additional 5,000 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Whiting Petroleum Corp. during the first quarter valued at about $258,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.
Shares of Whiting Petroleum Corp. (NYSE:WLL) traded up 1.95% during midday trading on Monday, hitting $8.91. 19,716,704 shares of the stock were exchanged. Whiting Petroleum Corp. has a 12-month low of $3.35 and a 12-month high of $22.80. The firm has a 50-day moving average price of $7.68 and a 200-day moving average price of $9.29. The company’s market cap is $2.45 billion.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. The firm had revenue of $339.58 million for the quarter, compared to analysts’ expectations of $374.83 million. During the same period last year, the firm earned $0.04 EPS. The business’s quarterly revenue was down 42.4% on a year-over-year basis. On average, equities analysts predict that Whiting Petroleum Corp. will post ($2.04) EPS for the current year.
WLL has been the topic of several research analyst reports. FBR & Co initiated coverage on Whiting Petroleum Corp. in a report on Tuesday, September 13th. They issued a “market perform” rating and a $8.00 price objective on the stock. Morgan Stanley upgraded Whiting Petroleum Corp. from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a report on Friday, June 24th. Cantor Fitzgerald reiterated a “hold” rating and issued a $11.00 price objective on shares of Whiting Petroleum Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded Whiting Petroleum Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Thursday, July 7th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $12.00 target price (down from $14.00) on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Whiting Petroleum Corp. currently has a consensus rating of “Hold” and an average price target of $13.36.
About Whiting Petroleum Corp.
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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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