Stock of the Day: Whiting Petroleum Corp (NYSE:WLL) Institutional Investors Q2 2016 Sentiment

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Stock of the Day: Whiting Petroleum Corp (NYSE:WLL) Institutional Investors  Q2 2016 Sentiment

Sentiment for Whiting Petroleum Corp (NYSE:WLL)

Whiting Petroleum Corp (NYSE:WLL) institutional sentiment increased to 1.31 in Q2 2016. Its up 0.32, from 0.99 in 2016Q1. The ratio improved, as 136 institutional investors started new and increased equity positions, while 138 trimmed and sold equity positions in Whiting Petroleum Corp. The institutional investors in our partner’s database now hold: 204.62 million shares, up from 177.01 million shares in 2016Q1. Also, the number of institutional investors holding Whiting Petroleum Corp in their top 10 equity positions increased from 3 to 5 for an increase of 2. Sold All: 47 Reduced: 91 Increased: 85 New Position: 51.

Whiting Petroleum Corporation is an independent gas and oil company. The company has a market cap of $2.71 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.

About 13.88 million shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 9.12% since April 25, 2016 and is downtrending. It has underperformed by 15.14% the S&P500.

Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on February, 22. They expect $-0.32 earnings per share, up 25.58% or $0.11 from last year’s $-0.43 per share. After $-0.47 actual earnings per share reported by Whiting Petroleum Corp for the previous quarter, Wall Street now forecasts -31.91% EPS growth.

According to Zacks Investment Research, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange.”

Beach Point Capital Management Lp holds 10.23% of its portfolio in Whiting Petroleum Corp for 2.05 million shares. Fine Capital Partners L.P. owns 8.94 million shares or 9.22% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 5.81% invested in the company for 7.19 million shares. The New York-based Proxima Capital Management Llc has invested 3.74% in the stock. Tyrus Capital S.A.M., a Monaco-based fund reported 1.82 million shares.#img1#

Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage

Ratings analysis reveals 28% of Whiting Petroleum Corporation’s analysts are positive. Out of 29 Wall Street analysts rating Whiting Petroleum Corporation, 8 give it “Buy”, 3 “Sell” rating, while 18 recommend “Hold”. The lowest target is $4 while the high is $50. The stock’s average target of $18.06 is 84.66% above today’s ($9.78) share price. WLL was included in 81 notes of analysts from July 21, 2015. Wunderlich maintained it with “Hold” rating and $4 target price in Friday, February 26 report. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Equalweight” rating by Morgan Stanley on Friday, June 24. As per Friday, April 29, the company rating was maintained by Wunderlich. RBC Capital Markets maintained Whiting Petroleum Corp (NYSE:WLL) rating on Friday, November 25. RBC Capital Markets has “Sector Perform” rating and $12 price target. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Sector Perform” rating by Iberia Capital Partners on Wednesday, September 2. The stock has “Neutral” rating given by Credit Suisse on Friday, August 7. Seaport Global downgraded the stock to “Neutral” rating in Thursday, February 25 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. The rating was maintained by UBS with “Buy” on Thursday, July 30. The rating was downgraded by Guggenheim on Friday, July 31 to “Neutral”.

WLL Company Profile

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.

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By Hazel Jackson

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