Whiting Petroleum Corp (NYSE:WLL) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 31,270,000 shares, a decrease of 11.1% from the January 15th total of 35,160,000 shares. Based on an average daily trading volume, of 8,830,000 shares, the short-interest ratio is presently 3.5 days. Currently, 34.5% of the company’s shares are sold short.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WLL. Tower Research Capital LLC TRC purchased a new stake in Whiting Petroleum in the 4th quarter valued at $33,000. FNY Investment Advisers LLC purchased a new stake in Whiting Petroleum in the 4th quarter valued at $50,000. Public Employees Retirement System of Ohio raised its position in Whiting Petroleum by 58.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after buying an additional 3,570 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Whiting Petroleum in the 4th quarter valued at $107,000. Finally, Rational Advisors LLC raised its position in Whiting Petroleum by 782.4% in the 3rd quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 13,246 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on WLL. Wells Fargo & Co cut Whiting Petroleum from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a report on Thursday, January 9th. ValuEngine raised Whiting Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Imperial Capital reaffirmed an “in-line” rating and set a $10.00 target price (down from $15.00) on shares of Whiting Petroleum in a research report on Thursday, November 7th. S&P Equity Research lowered their target price on Whiting Petroleum from $6.60 to $6.14 in a research report on Tuesday, December 17th. Finally, Credit Suisse Group lowered their target price on Whiting Petroleum from to in a research report on Thursday. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.68.
Shares of NYSE:WLL opened at $2.92 on Friday. The firm has a market capitalization of $266.60 million, a price-to-earnings ratio of 2.45 and a beta of 3.36. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $7.02. Whiting Petroleum has a twelve month low of $1.81 and a twelve month high of $30.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.62.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
See Also: Coverage Ratio
Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.