Beach Point Capital Management LP maintained its position in Whiting Petroleum Corporation (NYSE:WLL) during the second quarter, Holdings Channel reports. The fund owned 2,066,095 shares of the oil and gas exploration company’s stock at the end of the second quarter. Whiting Petroleum Corporation comprises 2.8% of Beach Point Capital Management LP’s investment portfolio, making the stock its 14th largest position. Beach Point Capital Management LP’s holdings in Whiting Petroleum Corporation were worth $11,384,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in WLL. Campbell & CO Investment Adviser LLC boosted its position in Whiting Petroleum Corporation by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 3,988 shares during the last quarter. World Asset Management Inc boosted its position in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 570 shares during the last quarter. Palisade Capital Management LLC NJ bought a new position in Whiting Petroleum Corporation during the second quarter valued at approximately $121,000. Gotham Asset Management LLC boosted its position in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares during the last quarter. Finally, Capital Innovations LLC bought a new position in Whiting Petroleum Corporation during the first quarter valued at approximately $133,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 4.75 on Friday. The firm’s market capitalization is $1.72 billion. The company’s 50 day moving average is $5.20 and its 200 day moving average is $8.08. Whiting Petroleum Corporation has a 12-month low of $4.61 and a 12-month high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. During the same period in the previous year, the firm earned ($0.70) EPS. Whiting Petroleum Corporation’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, analysts forecast that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current year.

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Several research firms have commented on WLL. Royal Bank Of Canada reissued a “hold” rating and set a $12.00 target price on shares of Whiting Petroleum Corporation in a research note on Tuesday, April 25th. R. F. Lafferty raised their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and set a $10.00 target price on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, FBR & Co lowered their target price on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating on the stock in a research note on Wednesday, May 10th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.28.

Whiting Petroleum Corporation Company Profile

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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Institutional Ownership by Quarter for Whiting Petroleum Corporation (NYSE:WLL)

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