Whiting Petroleum Corp (WLL) : Fort Warren Capital Management Lp added new position in Whiting Petroleum Corp during the most recent quarter end. The investment management firm now holds 274,473 shares of Whiting Petroleum Corp which is valued at $2,102,463 , the company said in a statement filed on Aug 15, 2016 with the SEC.Whiting Petroleum Corp makes up approximately 2.24% of Fort Warren Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in WLL in the latest quarter, The investment management firm added 96,698 additional shares and now holds a total of 129,701 shares of Whiting Petroleum Corp which is valued at $993,510. Whiting Petroleum Corp makes up approx 0.05% of Cubist Systematic Strategies’s portfolio. Visium Asset Management Lp added WLL to its portfolio by purchasing 289,204 company shares during the most recent quarter which is valued at $2,215,303. Whiting Petroleum Corp makes up approx 0.22% of Visium Asset Management Lp’s portfolio. Clinton Group Inc sold out all of its stake in WLL during the most recent quarter. The investment firm sold 58,769 shares of WLL which is valued $450,171.First Trust Advisors Lp boosted its stake in WLL in the latest quarter, The investment management firm added 1,772,115 additional shares and now holds a total of 4,001,939 shares of Whiting Petroleum Corp which is valued at $30,574,814. Whiting Petroleum Corp makes up approx 0.09% of First Trust Advisors Lp’s portfolio.Rnc Capital Management reduced its stake in WLL by selling 12,025 shares or 34.65% in the most recent quarter. The Hedge Fund company now holds 22,681 shares of WLL which is valued at $166,705. Whiting Petroleum Corp makes up approx 0.02% of Rnc Capital Management’s portfolio.
Whiting Petroleum Corp closed down -0.18 points or -2.47% at $7.11 with 2,04,94,700 shares getting traded on Thursday. Post opening the session at $7.21, the shares hit an intraday low of $7 and an intraday high of $7.29 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Whiting Petroleum Corp reported $-0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.45. The company had revenue of $339.58 million for the quarter, compared to analysts expectations of $407.63 million. The company’s revenue was down -42.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Whiting Petroleum Corp. Shares were Reiterated by Wunderlich on Jul 29, 2016 to “Hold” and Lowered the Price Target to $ 7 from a previous price target of $11 .Credit Suisse Upgraded Whiting Petroleum Corp on Jul 13, 2016 to ” Outperform”, Price Target of the shares are set at $14.Shares were Upgraded by Seaport Global Securities on Jul 12, 2016 to ” Neutral” and Lowered the Price Target to $ 8 from a previous price target of $9 .
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration development acquisition and production of crude oil NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Company’s Rocky Mountains operations include assets in the states of Colorado Montana North Dakota Utah and Wyoming. The Company’s Permian Basin operations include assets in Texas and New Mexico. The Company’s other operations primarily include its assets in Arkansas Michigan Oklahoma and Texas. As of December 31 2014 The Company’s estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31 2014 the Company’s probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE for a total of 624.8 MMBOE.