Acorn Advisory Capital L.P. Takes Position in Whiting Petroleum Corp (WLL)

Acorn Advisory Capital L.P. acquired a new stake in Whiting Petroleum Corp (NYSE:WLL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 9,600 shares of the oil and gas exploration company’s stock, valued at approximately $506,000. Whiting Petroleum makes up 0.6% of Acorn Advisory Capital L.P.’s holdings, making the stock its 20th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in Whiting Petroleum in the 2nd quarter valued at about $132,000. Advisors Preferred LLC purchased a new stake in Whiting Petroleum in the 2nd quarter valued at about $176,000. Integrated Investment Consultants LLC purchased a new stake in Whiting Petroleum in the 2nd quarter valued at about $178,000. Deprince Race & Zollo Inc. purchased a new stake in Whiting Petroleum in the 2nd quarter valued at about $211,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Whiting Petroleum in the 2nd quarter valued at about $211,000.

NYSE WLL opened at $44.76 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $4.36 billion, a P/E ratio of -33.61, a PEG ratio of 2.02 and a beta of 2.93. Whiting Petroleum Corp has a 52 week low of $15.88 and a 52 week high of $56.47.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Tuesday, July 31st. The oil and gas exploration company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $526.40 million during the quarter, compared to analyst estimates of $505.32 million. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. Whiting Petroleum’s revenue was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. research analysts forecast that Whiting Petroleum Corp will post 2.97 earnings per share for the current fiscal year.

Several research firms have recently commented on WLL. KeyCorp boosted their price target on shares of Whiting Petroleum from $35.00 to $45.00 and gave the company a “buy” rating in a report on Monday, April 23rd. SunTrust Banks set a $60.00 price target on shares of Whiting Petroleum and gave the company a “buy” rating in a report on Sunday, April 22nd. Stephens set a $68.00 price target on shares of Whiting Petroleum and gave the company a “buy” rating in a report on Tuesday, April 24th. Credit Suisse Group boosted their price target on shares of Whiting Petroleum from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 1st. Finally, Morgan Stanley reduced their price target on shares of Whiting Petroleum from $71.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.54.

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

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