Schneider Capital Management Corp adds Whiting Petroleum Corp (WLL) to its portfolio

Whiting Petroleum Corp (WLL) : Schneider Capital Management Corp added new position in Whiting Petroleum Corp during the most recent quarter end. The investment management firm now holds 6,093,714 shares of Whiting Petroleum Corp which is valued at $53,259,060 , the company said in a statement filed on Nov 14, 2016 with the SEC.Whiting Petroleum Corp makes up approximately 8.22% of Schneider Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in WLL in the latest quarter, The investment management firm added 4,521,307 additional shares and now holds a total of 9,614,774 shares of Whiting Petroleum Corp which is valued at $84,033,125. Whiting Petroleum Corp makes up approx 0.12% of Allianz Asset Management Ag’s portfolio. Palisade Capital Managementnj sold out all of its stake in WLL during the most recent quarter. The investment firm sold 18,000 shares of WLL which is valued $149,040. Beddow Capital Management Inc added WLL to its portfolio by purchasing 10,500 company shares during the most recent quarter which is valued at $86,940. Whiting Petroleum Corp makes up approx 0.03% of Beddow Capital Management Inc’s portfolio. Quantitative Investment Management sold out all of its stake in WLL during the most recent quarter. The investment firm sold 438,300 shares of WLL which is valued $3,545,847.

Whiting Petroleum Corp opened for trading at $9.19 and hit $9.52 on the upside on Monday, eventually ending the session at $9.42, with a gain of 3.18% or 0.29 points. The heightened volatility saw the trading volume jump to 1,58,13,916 shares. Company has a market cap of $2,679 M.

On the company’s financial health, Whiting Petroleum Corp reported $-0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $-0.37. The company had revenue of $129.23 million for the quarter, compared to analysts expectations of $345.86 million. The company’s revenue was down -74.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.17 EPS.

Many Wall Street Analysts have commented on Whiting Petroleum Corp. Whiting Petroleum Corp was Upgraded by Raymond James to ” Strong Buy” on Oct 28, 2016. FBR & Co. Initiated Whiting Petroleum Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $8.FBR Capital Initiated Whiting Petroleum Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $8.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration development acquisition and production of crude oil NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Company’s Rocky Mountains operations include assets in the states of Colorado Montana North Dakota Utah and Wyoming. The Company’s Permian Basin operations include assets in Texas and New Mexico. The Company’s other operations primarily include its assets in Arkansas Michigan Oklahoma and Texas. As of December 31 2014 The Company’s estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31 2014 the Company’s probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE for a total of 624.8 MMBOE.

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