Castleton Investment Management LLC decreased its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,000 shares of the oil and gas exploration company’s stock after selling 10,000 shares during the quarter. Castleton Investment Management LLC owned 0.06% of Whiting Petroleum worth $273,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Chicago Equity Partners LLC purchased a new stake in Whiting Petroleum in the second quarter worth approximately $102,000. Shell Asset Management Co. purchased a new stake in Whiting Petroleum in the third quarter worth approximately $1,565,000. Palisade Capital Management LLC NJ purchased a new stake in Whiting Petroleum in the second quarter worth approximately $121,000. First Allied Advisory Services Inc. boosted its holdings in Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after purchasing an additional 475 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in Whiting Petroleum by 92.9% in the second quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after purchasing an additional 12,815 shares during the last quarter.
Several brokerages recently issued reports on WLL. Imperial Capital raised their target price on shares of Whiting Petroleum from $6.00 to $30.00 and gave the stock a “line” rating in a report on Monday, November 13th. ValuEngine cut shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Jefferies Group began coverage on shares of Whiting Petroleum in a report on Monday, October 9th. They issued a “hold” rating and a $24.00 target price on the stock. SunTrust Banks set a $36.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus set a $40.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Thursday, October 26th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.27.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned ($1.88) EPS. equities analysts forecast that Whiting Petroleum Corp will post -2.39 EPS for the current fiscal year.
Whiting Petroleum 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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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