Whiting Petroleum Corp (WLL) Short Interest Up 13.8% in February

Whiting Petroleum Corp (WLL) Short Interest Up 13.8% in February

Whiting Petroleum Corp (NYSE:WLL) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 45,777,520 shares, an increase of 13.8% from the February 15th total of 40,230,028 shares. Based on an average daily volume of 16,757,194 shares, the short-interest ratio is presently 2.7 days.

Whiting Petroleum Corp (NYSE:WLL) opened at 9.16 on Friday. Whiting Petroleum Corp has a 12-month low of $6.38 and a 12-month high of $14.44. The stock’s market capitalization is $3.32 billion. The firm’s 50-day moving average is $10.61 and its 200 day moving average is $10.04.

Whiting Petroleum Corp (NYSE:WLL) last issued its earnings results on Tuesday, February 21st. The oil and gas exploration company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.04. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. The firm had revenue of $342.70 million for the quarter, compared to analysts’ expectations of $353.75 million. During the same quarter last year, the company posted ($0.43) earnings per share. Whiting Petroleum Corp’s revenue was down 18.0% on a year-over-year basis. Equities research analysts anticipate that Whiting Petroleum Corp will post ($0.62) earnings per share for the current year.

A number of brokerages recently weighed in on WLL. Canaccord Genuity reiterated a “buy” rating and set a $14.00 price target on shares of Whiting Petroleum Corp in a research note on Thursday, January 12th. Vetr upgraded shares of Whiting Petroleum Corp from a “buy” rating to a “strong-buy” rating and set a $15.79 price target for the company in a research note on Monday, January 9th. FBR & Co reiterated a “hold” rating and set a $13.00 price target on shares of Whiting Petroleum Corp in a research note on Sunday, January 8th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price target on shares of Whiting Petroleum Corp in a research note on Wednesday, January 11th. Finally, R. F. Lafferty began coverage on shares of Whiting Petroleum Corp in a research note on Wednesday, December 21st. They set a “buy” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Whiting Petroleum Corp presently has an average rating of “Hold” and a consensus price target of $13.27.

A number of institutional investors have recently modified their holdings of WLL. Norges Bank acquired a new position in shares of Whiting Petroleum Corp during the fourth quarter worth about $38,888,000. Numeric Investors LLC boosted its position in shares of Whiting Petroleum Corp by 3,613.2% in the fourth quarter. Numeric Investors LLC now owns 787,200 shares of the oil and gas exploration company’s stock worth $9,462,000 after buying an additional 766,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Whiting Petroleum Corp by 21.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 33,545 shares of the oil and gas exploration company’s stock worth $355,000 after buying an additional 5,992 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Whiting Petroleum Corp by 60.4% in the fourth quarter. Guggenheim Capital LLC now owns 889,320 shares of the oil and gas exploration company’s stock worth $10,689,000 after buying an additional 335,029 shares in the last quarter. Finally, Caxton Associates LP boosted its position in shares of Whiting Petroleum Corp by 36.7% in the fourth quarter. Caxton Associates LP now owns 273,437 shares of the oil and gas exploration company’s stock worth $3,287,000 after buying an additional 73,437 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Whiting Petroleum Corp 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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