Whiting Petroleum Corp (WLL) Holdings Lifted by Wealthsource Partners LLC
Wealthsource Partners LLC grew its position in Whiting Petroleum Corp (NYSE:WLL) by 51.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 79,875 shares of the oil and gas exploration company’s stock after buying an additional 27,250 shares during the period. Wealthsource Partners LLC owned approximately 0.09% of Whiting Petroleum worth $436,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. ProShare Advisors LLC raised its holdings in Whiting Petroleum by 1.4% in the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 388 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares during the last quarter. MML Investors Services LLC raised its holdings in Whiting Petroleum by 1.9% in the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock worth $260,000 after buying an additional 895 shares during the last quarter. HL Financial Services LLC raised its holdings in shares of Whiting Petroleum by 2.1% during the second quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock valued at $274,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Frontier Wealth Management LLC raised its holdings in shares of Whiting Petroleum by 11.9% during the second quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock valued at $155,000 after purchasing an additional 3,000 shares during the last quarter.
Several research firms have recently weighed in on WLL. ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Robert W. Baird boosted their price objective on shares of Whiting Petroleum from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Cowen reissued a “buy” rating and set a $32.00 price objective on shares of Whiting Petroleum in a report on Friday, November 10th. Imperial Capital decreased their price objective on shares of Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating for the company in a report on Monday, November 13th. Finally, Credit Suisse Group began coverage on shares of Whiting Petroleum in a report on Monday. They set a “neutral” rating and a $29.00 price objective for the company. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.83.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded down $1.10 during mid-day trading on Thursday, reaching $22.54. 8,097,000 shares of the company’s stock were exchanged, compared to its average volume of 4,792,037. Whiting Petroleum Corp has a twelve month low of $15.88 and a twelve month high of $53.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.
Whiting Petroleum (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same period in the prior year, the company earned ($1.88) earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. research analysts predict that Whiting Petroleum Corp will post -2.39 earnings per share for the current year.
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About Whiting Petroleum
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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