Context Capital Management Exits Position in Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (WLL) : Context Capital Management has sold out all of its stake in Whiting Petroleum Corp during the most recent quarter, according to the disclosure filed by the company on Apr 26, 2016 with the SEC. The investment management company has sold out 20,000 shares of Whiting Petroleum Corp which is valued at $240,000.

Whiting Petroleum Corp closed down -1.21 points or -10.08% at $10.79 with 2,94,37,167 shares getting traded on Monday. Post opening the session at $11.9, the shares hit an intraday low of $10.7 and an intraday high of $11.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in WLL by selling 6,160 shares or 17.65% in the most recent quarter. The Hedge Fund company now holds 28,745 shares of WLL which is valued at $344,940. Whiting Petroleum Corp makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WLL by selling 62,498 shares or 40.87% in the most recent quarter. The Hedge Fund company now holds 90,428 shares of WLL which is valued at $1,013,698. Gulf International Bank (uk) Ltd sold out all of its stake in WLL during the most recent quarter. The investment firm sold 57,320 shares of WLL which is valued $642,557. Fox Run Management L.l.c. sold out all of its stake in WLL during the most recent quarter. The investment firm sold 31,000 shares of WLL which is valued $347,510. Santa Fe Partners added WLL to its portfolio by purchasing 20,150 company shares during the most recent quarter which is valued at $215,001. Whiting Petroleum Corp makes up approx 0.03% of Santa Fe Partners’s portfolio.

On the company’s financial health, Whiting Petroleum Corp reported $-0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.72. The company had revenue of $292.00 million for the quarter, compared to analysts expectations of $351.05 million. The company’s revenue was down -44.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Many Wall Street Analysts have commented on Whiting Petroleum Corp. Whiting Petroleum Corp was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 29, 2016. Company shares were Reiterated by Wunderlich on Apr 29, 2016 to “Hold”, Firm has raised the Price Target to $ 14 from a previous price target of $10 .RBC Capital Mkts Downgraded Whiting Petroleum Corp on Apr 28, 2016 to ” Sector Perform”, Price Target of the shares are set at $12.

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.

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