Leonard Capital Management Inc Exits Position in Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (WLL) : Leonard Capital Management Inc 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 May 11, 2016 with the SEC. The investment management company has sold out 145,000 shares of Whiting Petroleum Corp which is valued at $1.5 Million.

Other Hedge Funds, Including , Archford Capital Strategies sold out all of its stake in WLL during the most recent quarter. The investment firm sold 72 shares of WLL which is valued $765. Airain Ltd added WLL to its portfolio by purchasing 67,021 company shares during the most recent quarter which is valued at $711,763. Whiting Petroleum Corp makes up approx 0.05% of Airain Ltd’s portfolio.Great West Life Assurance Co Can boosted its stake in WLL in the latest quarter, The investment management firm added 54,469 additional shares and now holds a total of 128,570 shares of Whiting Petroleum Corp which is valued at $1.5 Million. Whiting Petroleum Corp makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Commonwealth Equity Services Inc boosted its stake in WLL in the latest quarter, The investment management firm added 5,347 additional shares and now holds a total of 49,088 shares of Whiting Petroleum Corp which is valued at $589,056. Whiting Petroleum Corp makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Whiting Petroleum Corp opened for trading at $11.16 and hit $11.69 on the upside on Monday, eventually ending the session at $11.39, with a gain of 7.25% or 0.77 points. The heightened volatility saw the trading volume jump to 1,84,71,067 shares. Company has a market cap of $2,328 M.

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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