Charles Schwab Investment Managem.. recently announced the acquisition of new stake in Whiting Petroleum Corporation (NYSE:WLL). The institutional investor has increased its shareholding in the Energy company by 39.54% to 3.21 million shares with purchase of 0.91 million shares. This fresh investment now brings its stake to 3.51% valued currently at $2.51 million. In addition, Hwabao WP Fund Management Co., Lt.. raised its holdings by 1.66 million to 2.23 million shares.
With over 5.8 million Whiting Petroleum Corporation (WLL) shares trading Monday and a closing price of $0.80 on the day, the dollar volume was approximately $4.64 million. The shares have shown a negative weekly performance of -12.14% and its price on 08/31/20 lost nearly -4.81%. Currently, there are 91.43M common shares owned by the public and among those 90.98M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for WLL have a consensus price objective of $0.40. The analysts have set the share’s price value over the next 12 months at a high of $0.60 and a low of $0.20 should the stock experience a downside. Incidentally, analysts’ outlook for the Whiting Petroleum Corporation stock is 3.70 for the next 12 months. But an upside of -33.33% will see the stock hit the forecast high price target while mean target price for the stock is $0.40.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 184,094 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 130,137 shares.
The top 3 mutual fund holders in Whiting Petroleum Corporation are Fidelity Low Priced Stock Fund, Vanguard Total Stock Market Index, and Fidelity Series Intrinsic Opportu. Fidelity Low Priced Stock Fund owns 5.0 million shares of the company’s stock, all valued at over $3.9 million. The company sold -1.61 million shares recently to bring their total holdings to about 5.46% of the shares outstanding. Fidelity Series Intrinsic Opportu bought 2.5 million shares to bring its total holdings to over 2.5 million shares at a value of $1.95 million. Fidelity Series Intrinsic Opportu now owns shares totaling to 2.74% of the shares outstanding.
Shares of Whiting Petroleum Corporation (NYSE: WLL) opened at $0.80, down -$0.04 from a prior closing price of $0.84. However, the script later closed the day at $0.80, down -4.81%. The company’s stock has a 5-day price change of -12.14% and -4.82% over the past three months. WLL shares are trading -89.11% year to date (YTD), with the 12-month market performance down to -87.94% lower. It has a 12-month low price of $0.25 and touched a high of $11.85 over the same period. Currently, 5.8 million shares have been traded, compared to an average intraday trading volume of 11.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.47%, -21.81%, and -68.83% respectively.
Institutional ownership of Whiting Petroleum Corporation (NYSE: WLL) shares accounts for 41.70% of the company’s 91.43M shares outstanding. Mutual fund holders own 12.17%, while other institutional holders and individual stakeholders account for 28.03% and 1.08% respectively.
It has a market capitalization of $73.29M and a beta (3y monthly) value of 4.21. The earnings-per-share (ttm) stands at -$47.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.84% over the week and 12.30% over the month.
Analysts forecast that Whiting Petroleum Corporation (WLL) will achieve an EPS of -$0.98 for the current quarter, -$0.8 for the next quarter and -$1.3 for 2021. The lowest estimate earnings-per-share for the quarter is -$2.23 while analysts give the company a high EPS estimate of -$0.15. Comparatively, EPS for the current quarter was -$0.38 a year ago. Earnings per share for the fiscal year are expected to decrease by -170.90%, and 67.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Whiting Petroleum Corporation (WLL) as a “Hold” at a consensus score of 3.70. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the WLL, a number of firms have released research notes about the stock. Stifel stated their Sell rating for the stock in a research note on March 31, 2020, with the firm’s price target at. JP Morgan coverage for the Whiting Petroleum Corporation (WLL) stock in a research note released on March 25, 2020 offered a Underweight rating with a price target of. Barclays was of a view on March 24, 2020 that the stock is Underweight, while Stephens gave the stock Underweight rating on March 20, 2020, issuing a price target of $6- $1. CapitalOne on their part issued Underweight rating on March 16, 2020.