Whiting Petroleum Corp (NYSE:WLL) Short Interest Update

Whiting Petroleum Corp (NYSE:WLL) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 23,121,000 shares, an increase of 33.6% from the May 30th total of 17,300,900 shares. Based on an average daily trading volume, of 5,170,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 25.6% of the company’s stock are sold short.

Several research firms have commented on WLL. Capital One Financial cut Cimarex Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 20th. MKM Partners assumed coverage on shares of Whiting Petroleum in a report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine cut Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Whiting Petroleum currently has an average rating of “Buy” and an average price target of $43.64.

Shares of NYSE WLL opened at $17.38 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $17.76. The firm has a market capitalization of $1.59 billion, a P/E ratio of 7.97 and a beta of 2.91. Whiting Petroleum has a twelve month low of $15.40 and a twelve month high of $55.17.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.36). The business had revenue of $389.50 million during the quarter, compared to analyst estimates of $421.43 million. Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The business’s quarterly revenue was down 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. Equities analysts forecast that Whiting Petroleum will post 1.27 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP purchased a new stake in shares of Whiting Petroleum in the 4th quarter valued at approximately $2,439,000. LPL Financial LLC lifted its holdings in shares of Whiting Petroleum by 10.4% in the fourth quarter. LPL Financial LLC now owns 13,813 shares of the oil and gas exploration company’s stock valued at $313,000 after purchasing an additional 1,297 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Whiting Petroleum by 52.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,825 shares of the oil and gas exploration company’s stock valued at $564,000 after purchasing an additional 8,560 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Whiting Petroleum by 13.7% in the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 665 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Whiting Petroleum in the fourth quarter worth $1,885,000. 99.70% of the stock is owned by institutional investors and hedge funds.

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.

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