Tricadia Capital Management Lowers stake in Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (WLL) : Tricadia Capital Management reduced its stake in Whiting Petroleum Corp by 35.71% during the most recent quarter end. The investment management company now holds a total of 180,000 shares of Whiting Petroleum Corp which is valued at $1,378,800 after selling 100,000 shares in Whiting Petroleum Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Whiting Petroleum Corp makes up approximately 0.44% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Hodges Capital Management boosted its stake in WLL in the latest quarter, The investment management firm added 1,429,950 additional shares and now holds a total of 1,528,050 shares of Whiting Petroleum Corp which is valued at $11,704,863. Whiting Petroleum Corp makes up approx 0.54% of Hodges Capital Management’s portfolio.Blackrock Investment Management reduced its stake in WLL by selling 407,310 shares or 33.65% in the most recent quarter. The Hedge Fund company now holds 803,208 shares of WLL which is valued at $6,152,573. Whiting Petroleum Corp makes up approx 0.01% of Blackrock Investment Management’s portfolio.Investment Counselors Of Maryland boosted its stake in WLL in the latest quarter, The investment management firm added 1,059,850 additional shares and now holds a total of 1,139,237 shares of Whiting Petroleum Corp which is valued at $8,794,910. Whiting Petroleum Corp makes up approx 0.46% of Investment Counselors Of Maryland’s portfolio.Morningstar Investment Services reduced its stake in WLL by selling 5,098 shares or 25.15% in the most recent quarter. The Hedge Fund company now holds 15,169 shares of WLL which is valued at $115,891. Spot Trading L.l.c sold out all of its stake in WLL during the most recent quarter. The investment firm sold 9,800 shares of WLL which is valued $71,442.

Whiting Petroleum Corp opened for trading at $7.53 and hit $7.98 on the upside on Tuesday, eventually ending the session at $7.85, with a gain of 3.43% or 0.26 points. The heightened volatility saw the trading volume jump to 1,96,88,731 shares. Company has a market cap of $2,162 M.

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.

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