Ninepoint Partners LP purchased a new stake in shares of Whiting Petroleum Corporation (NYSE:WLL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 410,000 shares of the oil and gas exploration company’s stock, valued at approximately $2,239,000. Ninepoint Partners LP owned about 0.11% of Whiting Petroleum Corporation at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Whiting Petroleum Corporation during the 3rd quarter valued at about $166,000. Quantbot Technologies LP grew its holdings in Whiting Petroleum Corporation by 121.0% during the 3rd quarter. Quantbot Technologies LP now owns 179,032 shares of the oil and gas exploration company’s stock valued at $977,000 after purchasing an additional 98,034 shares during the last quarter. Advisor Group Inc. grew its holdings in Whiting Petroleum Corporation by 167.2% during the 3rd quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock valued at $154,000 after purchasing an additional 17,604 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Whiting Petroleum Corporation during the 3rd quarter valued at about $278,000. Finally, Investment Counselors of Maryland LLC grew its holdings in Whiting Petroleum Corporation by 28.4% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 1,905,957 shares of the oil and gas exploration company’s stock valued at $10,407,000 after purchasing an additional 421,290 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.
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Several equities analysts recently commented on WLL shares. KeyCorp reiterated a “buy” rating and set a $28.00 price target on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Stifel Nicolaus set a $40.00 price target on shares of Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, October 5th. Cowen and Company reiterated a “buy” rating and set a $32.00 price target on shares of Whiting Petroleum Corporation in a report on Sunday, September 17th. Citigroup Inc. cut their price target on shares of Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, October 12th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Whiting Petroleum Corporation currently has an average rating of “Hold” and an average price target of $36.65.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.88) earnings per share. research analysts forecast that Whiting Petroleum Corporation will post -2.44 EPS for the current year.
About Whiting Petroleum Corporation
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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