Phoenix Investment Adviser LLC Invests $457,000 in Whiting Petroleum Corp (WLL)

Phoenix Investment Adviser LLC bought a new position in shares of Whiting Petroleum Corp (NYSE:WLL) in the 4th quarter, Holdings Channel reports. The fund bought 17,250 shares of the oil and gas exploration company’s stock, valued at approximately $457,000.

Several other large investors have also bought and sold shares of WLL. Cubist Systematic Strategies LLC bought a new stake in shares of Whiting Petroleum during the third quarter worth about $133,000. First Allied Advisory Services Inc. grew its position in Whiting Petroleum by 2.0% in the 2nd 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in Whiting Petroleum in the 4th quarter worth about $138,000. Gotham Asset Management LLC grew its position in Whiting Petroleum by 92.9% in the 2nd 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 in the last quarter. Finally, Advisor Group Inc. grew its position in Whiting Petroleum by 167.2% in the 3rd quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock worth $154,000 after purchasing an additional 17,604 shares in the last quarter.

A number of equities research analysts have issued reports on the stock. Cowen set a $35.00 price objective on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Thursday. Mizuho set a $32.00 price objective on shares of Whiting Petroleum and gave the stock a “hold” rating in a research report on Tuesday. Imperial Capital assumed coverage on shares of Whiting Petroleum in a research report on Thursday, September 28th. They issued an “in-line” rating and a $24.00 price objective for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Whiting Petroleum in a research report on Thursday, January 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Whiting Petroleum in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.64.

Shares of Whiting Petroleum Corp (NYSE:WLL) traded down $0.43 during mid-day trading on Friday, hitting $29.93. 3,172,071 shares of the company were exchanged, compared to its average volume of 4,744,285. The stock has a market cap of $2,710.00, a PE ratio of -4.17 and a beta of 3.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corp has a 12 month low of $15.88 and a 12 month high of $49.64.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. Whiting Petroleum’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.88) EPS. sell-side analysts anticipate that Whiting Petroleum Corp will post -2.13 EPS for the current fiscal year.

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About Whiting Petroleum

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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Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

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