Davidson Kempner Capital Management LP Buys New Position in Whiting Petroleum Corporation (WLL)

Davidson Kempner Capital Management LP bought a new stake in Whiting Petroleum Corporation (NYSE:WLL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,500,000 shares of the oil and gas exploration company’s stock, valued at approximately $8,265,000. Davidson Kempner Capital Management LP owned 0.41% of Whiting Petroleum Corporation as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its stake in shares of Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,566 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at approximately $102,000. Envestnet Asset Management Inc. lifted its stake in shares of Whiting Petroleum Corporation by 11.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock valued at $190,000 after purchasing an additional 2,088 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 3,988 shares during the period. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at approximately $121,000. Institutional investors own 82.86% of the company’s stock.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.10 on Friday. The company has a 50 day moving average price of $5.07 and a 200 day moving average price of $6.13. The company’s market cap is $1.85 billion. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.70) EPS. Equities analysts predict that Whiting Petroleum Corporation will post ($0.68) EPS for the current year.

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A number of research analysts have recently commented on the company. Piper Jaffray Companies lowered their target price on Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. BidaskClub cut Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Morgan Stanley cut Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $5.00 to $3.50 in a research note on Tuesday, September 12th. BMO Capital Markets set a $6.00 target price on Whiting Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, Citigroup Inc. lowered their target price on Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven h

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its stake in shares of Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,566 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at approximately $102,000. Envestnet Asset Management Inc. lifted its stake in shares of Whiting Petroleum Corporation by 11.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock valued at $190,000 after purchasing an additional 2,088 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 3,988 shares during the period. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at approximately $121,000. Institutional investors own 82.86% of the company’s stock.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.10 on Friday. The company has a 50 day moving average price of $5.07 and a 200 day moving average price of $6.13. The company’s market cap is $1.85 billion. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.70) EPS. Equities analysts predict that Whiting Petroleum Corporation will post ($0.68) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/22/davidson-kempner-capital-management-lp-buys-new-position-in-whiting-petroleum-corporation-wll.html.

A number of research analysts have recently commented on the company. Piper Jaffray Companies lowered their target price on Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. BidaskClub cut Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Morgan Stanley cut Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $5.00 to $3.50 in a research note on Tuesday, September 12th. BMO Capital Markets set a $6.00 target price on Whiting Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, Citigroup Inc. lowered their target price on Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Whiting Petroleum Corporation currently has an average rating of “Hold” and a consensus target price of $9.40.

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

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