Whiting Petroleum Corp (NYSE:WLL).
Edmond De Rothschild Holding S.a. says it bought 156,100 shares in quarter ending 09/30/2017 increasing its stake in Whiting Petroleum Corp (WLL) by 6.4%. Its investment was valued at $14,209,000 an increase of 5.4% as of the end of the quarter.
Here are a few institutional investors who have updated their positions. As of quarter end Baird Financial Group, Inc. had bought a total of 3,604 shares growing its stake by 12.0%. The value in dollars went from $165,000 to $183,000 a change of $18,000 for the reporting period. Brave Asset Management Inc bolstered its investment by buying 24,100 shares an increase of 63.0% in the quarter. Brave Asset Management Inc owns 62,375 shares worth $341,000. The total value of its holdings increased 61.6%.
As of the end of the quarter Snow Capital Management Lp had disposed of 4,377,566 shares trimming its position 81.0%. The value of the investment in (WLL) decreased from $29,788,000 to $5,616,000 a change of 81.1% since the last quarter.
Robert W. Baird raised the price target of the stock on November 10 boosting the projection from $32.00 to $34.00 and issued a “Outperform” rating. Equity analyst J P Morgan Chase & Co lowered the price target on November 1 changing the forecast from $8.00 to $7.00 with a “Neutral” recommendation.
On October 26, 2017 Morgan Stanley released guidance on WLL and giving a rating of “Sell” and a price target of $4.00. Equity analyst Stifel Nicolaus issued a report on WLL stating a rating of “Buy” and projecting a price target of $10.00.
SunTrust Banks updated its forecast on WLL with a rating of “Buy” and establishing a price target of $9.00. On October 19 analysts at KeyCorp updated guidance on WLL and giving a rating of “Buy” and price target of $7.00.
The company is so far trading down since yesterday’s close of 23.54. The P/E ratio is N/A and market capitalization is 2.09B. In the latest earnings report the EPS was $-7.18 with 90.70M shares outstanding.
Traders are a little more bullish on shares of the company recently as indicated by the decrease in short interest. The stock realized a fall in short interest of -4.29% between September 29, 2017 and October 13, 2017. Short shares decreased from 71,199,909 to 68,143,520 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.75% as of October 13.