Investors Purchase High Volume of Whiting Petroleum Corporation Put Options (WLL)

Whiting Petroleum Corporation (NYSE:WLL) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 1,246 put options on the stock. This is an increase of approximately 159% compared to the average daily volume of 482 put options.

Several equities analysts recently commented on the stock. Imperial Capital upped their price target on shares of Whiting Petroleum Corporation from $6.00 to $30.00 and gave the stock a “line” rating in a research report on Monday, November 13th. Cowen and Company reaffirmed a “buy” rating and set a $32.00 price target on shares of Whiting Petroleum Corporation in a research report on Friday, November 10th. Robert W. Baird upped their price target on shares of Whiting Petroleum Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. ValuEngine raised shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Whiting Petroleum Corporation currently has a consensus rating of “Hold” and an average target price of $36.65.

Several large investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Whiting Petroleum Corporation by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Whiting Petroleum Corporation by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after purchasing an additional 254,053 shares in the last quarter. Fine Capital Partners L.P. boosted its position in shares of Whiting Petroleum Corporation by 23.7% during the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after purchasing an additional 5,057,592 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Whiting Petroleum Corporation by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after buying an additional 4,483,396 shares during the period. Finally, Schneider Capital Management Corp boosted its holdings in shares of Whiting Petroleum Corporation by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after buying an additional 2,230,237 shares during the period. Institutional investors own 84.33% of the company’s stock.

Whiting Petroleum Corporation (NYSE:WLL) opened at $23.02 on Friday. 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 Corporation has a 52 week low of $15.88 and a 52 week high of $53.56.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same quarter last year, the firm posted ($1.88) EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. research analysts expect that Whiting Petroleum Corporation will post -2.44 earnings per share for the current year.

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About Whiting Petroleum Corporation

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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