The stock of Whiting Petroleum Corporation (NYSE:WLL) registered an increase of 4.84% in short interest. WLL’s total short interest was 50.28 million shares in September as published by FINRA. Its up 4.84% from 47.96M shares, reported previously. With 20.66M shares average volume, it will take short sellers 2 days to cover their WLL’s short positions. The short interest to Whiting Petroleum Corporation’s float is 18.41%. The stock increased 13.55% or $0.98 during the last trading session, hitting $8.21. About 3,000 shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has risen 132.58% since February 25, 2016 and is uptrending. It has outperformed by 121.32% the S&P500.
Whiting Petroleum Corporation is an independent gas and oil company. The company has a market cap of $2.17 billion. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. It currently has negative earnings. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid and natural gas.
Insitutional Activity: The institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.34, from 0.65 in 2016Q1. The ratio improved, as 47 funds sold all Whiting Petroleum Corp shares owned while 91 reduced positions. 51 funds bought stakes while 85 increased positions. They now own 204.62 million shares or 15.59% more from 177.01 million shares in 2016Q1.
Beach Point Capital Management Lp holds 10.23% of its portfolio in Whiting Petroleum Corp for 2.05 million shares. Fine Capital Partners L.P. owns 8.94 million shares or 9.22% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 5.81% invested in the company for 7.19 million shares. The New York-based Proxima Capital Management Llc has invested 3.74% in the stock. Tyrus Capital S.A.M., a Monaco-based fund reported 1.82 million shares.
Out of 20 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 5 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 25% are positive. Whiting Petroleum Corporation has been the topic of 54 analyst reports since October 5, 2015 according to StockzIntelligence Inc. FBR Capital initiated the stock on September 13 with “Mkt Perform” rating.
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