November 21, 2016 - By Peter Erickson · 0 Comments
The stock of Whiting Petroleum Corporation (NYSE:WLL) registered an increase of 5.89% in short interest. WLL’s total short interest was 53.24 million shares in November as published by FINRA. Its up 5.89% from 50.28M shares, reported previously. With 26.43M shares average volume, it will take short sellers 2 days to cover their WLL’s short positions. The short interest to Whiting Petroleum Corporation’s float is 19.49%. About 15.01M shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 13.10% since April 19, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.
Whiting Petroleum Corporation is an independent gas and oil company. The company has a market cap of $2.91 billion. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. It currently has negative earnings. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid and natural gas.
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.32, from 0.99 in 2016Q1. The ratio improved, as 47 funds sold all Whiting Petroleum Corp shares owned while 91 reduced positions. 51 funds bought stakes while 85 increased positions. They now own 204.62 million shares or 15.59% more from 177.01 million shares in 2016Q1.
Invesco Ltd owns 3.90 million shares or 0.01% of their US portfolio. Glendon L P holds 21,120 shares or 0.06% of its portfolio. Broadview Lc owns 482,456 shares or 0.67% of their US portfolio. Focused Wealth Management holds 62 shares or 0% of its portfolio. Springbok Cap Mgmt Lc owns 323,070 shares or 0.42% of their US portfolio. Barclays Pcl holds 0% or 91,603 shares in its portfolio. Grantham Mayo Van Otterloo Ltd Com reported 197,900 shares or 0.01% of all its holdings. State Street Corporation owns 6.25M shares or 0.01% of their US portfolio. Fincl Bank Of Montreal Can owns 194,660 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Geosphere Cap holds 3.38% or 370,000 shares in its portfolio. Moreover, Panagora Asset Mngmt Inc has 0% invested in Whiting Petroleum Corp (NYSE:WLL) for 84,521 shares. Millennium Mgmt Ltd, a New York-based fund reported 5.48M shares. Grt Prtn Lc holds 1.62% or 705,025 shares in its portfolio. Canada Pension Plan Invest Board reported 10 shares or 0% of all its holdings.
Out of 29 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 8 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 28% are positive. Whiting Petroleum Corporation has been the topic of 80 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS maintained Whiting Petroleum Corp (NYSE:WLL) rating on Thursday, July 30. UBS has “Buy” rating and $37 price target. The rating was downgraded by UBS to “Neutral” on Wednesday, January 13. Wunderlich maintained Whiting Petroleum Corp (NYSE:WLL) rating on Friday, April 29. Wunderlich has “Hold” rating and $14 price target. The stock of Whiting Petroleum Corp (NYSE:WLL) has “Neutral” rating given on Thursday, February 25 by Seaport Global. The firm earned “Outperform” rating on Friday, March 11 by Iberia Capital Partners. The firm has “Sector Perform” rating given on Wednesday, September 2 by Iberia Capital Partners. The company was maintained on Monday, September 14 by Citigroup. The rating was maintained by Wunderlich with “Hold” on Tuesday, June 28. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Neutral” rating by Guggenheim on Friday, July 31. As per Monday, August 10, the company rating was upgraded by Credit Agricole.
Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent gas and oil company. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company’s estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Firm has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.
More news for Whiting Petroleum Corp (NYSE:WLL) were recently published by: Forbes.com, which released: “Could Whiting Petroleum Reemerge As A Takeover Target?” on October 27, 2016. Businesswire.com‘s article titled: “Whiting Petroleum Corporation Senior Vice President and CFO Michael Stevens to …” and published on November 11, 2016 is yet another important article.
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By Peter Erickson