Whiting Petroleum Corp $ 16.43 -0.4 (-2.38%)
WLL News and Headlines - Whiting Petroleum Corp
Aside from filing for bankruptcy recently, what do Hertz Global Holdings Inc. (HTZ), Whiting Petroleum Corp. (WLL) and Ares Management Corp. (ARES)’s Neiman Marcus have in common?
The answer may take many investors by surprise. After announcing that they would be filing for Chapter 11 bankruptcy, the companies listed above – as well as several others – have seen a spike in their stock prices.
Ares Management, the owner of Neiman Marcus, didn’t even see its share prices flinch after its component business’ May bankruptcy filing. This isn’t too surprising considering that Neiman Marcus is only one of the company’s
Falling knives are companies whose share prices have fallen more than 59% over the last 12 months. Some investors hold positions in these stocks because they expect impressive returns on of their investments once they rebound.
Investors are also aware that a significant plunge in the market value of the security can indicate financial distress, so they will incur a severe loss if the company goes bankrupt. If investors focus on those falling knives with moderate to low debt-to-equity ratios, they can substantially reduce the risk.
Here are some results from my search.
Shares of Antero Resources Corp. (AR) closed
While gurus hold positions in these companies, their stock prices and returns continue to fall. The following are the worst-performing stocks over the last three months with a long-term presence in more than two gurus' portfolios.
Shares of Alcoa Corp. (AA) declined 31.89% over the last six months. The stock is held by six gurus.
The integrated aluminum company has a $5 billion market cap. The stock is trading with a price-earnings ratio of 22.31. The share price of $28.25 is 54.69% below its 52-week high and 12.95% above its 52-week low.
Scott Black (Trades, Portfolio), chief investment officer and chief compliance officer of Delphi Management Inc., disclosed on Monday that his top five buys for the second quarter were JPMorgan Chase & Co. (JPM), Principal Financial Group Inc. (PFG), Equinor ASA (EQNR), Whiting Petroleum Corp. (WLL) and Knoll Inc. (KNL).
As disciples of the Graham-Dodd school of value investing, Black and his team pursue a “proven, conservative strategy” that emphasizes the fundamental performance of underlying companies. The firm seeks investments under good management and meets “a set of rigorous quantitative criteria” internally developed by Black’s team. The manager’s
According to the GuruFocus All-In-One Screener, the following energy stocks are popular among gurus.
HighPoint Resources Corp. (HPR) is held by five gurus
The company produces natural gas and natural gas liquids. It has a market cap of $1.24 billion and an enterprise value of $1.63 billion. Its revenue of $283.11 million has decreased 13.20% annually over a 10-year period.
The current stock price of $5.83 is 23.29% below its 52-week high and 119.17% above its 52-week low. Over the past 10 years, it has returned a 89% loss.
The company’s largest shareholder among the gurus is Jim
The investor’s firm, Royce & Associates, says on its website it prefers to invest in smaller companies that are trading at a significant discount to their estimated worth, or enterprise value. Its vast portfolio of 1,246 stocks is largely composed of securities in the industrials sector. According to its fact sheet, the Royce Premier Fund returned 23.85% in 2017, outperforming the Russell 2000’s 14.65% return.
Royce’s top five new buys for the quarter were Whiting Petroleum Corp. (WLL), Genesco
"Promising opportunities can be found among securities that are most deeply undervalued relative to their future earnings potential." -Arnold Schneider
Serious deep-value investors are not concerned about the quality of the stocks they are buying, they
Schneider bought a 306,938-share position in Wells Fargo & Co. (WFC). The transaction had an impact of 3.23% on the portfolio.
The bank reported a 5% increase in net income and a 65% increase in diluted earnings per share (EPS) for the second quarter.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity (ROE) of 10.17% and return on assets (ROA) 1.15% are outperforming 62% of companies in the Global Banks -
Want to buy SPDR S&P 500 (SPY)? You’re better off torching your cash instead. At least you’ll get a viral instagram video out of it.
The largest 500 stocks have been uptrending for the last eight years and have little room left to go.
Valuations are expensive. The Standard & Poor's 500 has a price-earnings (P/E) of 25.39 – official nose-bleed territory.
At these levels, we have no interest in following the herd into a market top.
Our strategy has instead been to search for cheap stocks in hated sectors that
In times of depression for a particular industry, there are short-term opportunities that can provide stellar returns. Just as an example, Whiting Petroleum (WLL) was depressed due to lower oil prices and leverage with the stock trading at $3.53 on Feb. 25.
Over the next 10 months, the stock surged by 243% to current levels of $12.12. As oil trends higher and the company makes efforts to reduce debt, this article discusses whether Whiting Petroleum is worth considering at current levels.
I want to start by mentioning that Whiting Petroleum has surged in the 10-month period, but the stock is
Bass founded Hayman Capital in 2005. The Dallas-based hedge fund has been struggling recently due mostly to the state of oil prices. While the firm prospered with Bass’ shorting of the subprime mortgage crisis leading up to the Great Recession, he was not so fortuitous in regard to predicting oil prices.
In 2015, Bass began buying into oil companies such as Concho Resources (CXO) and Whiting Petroleum (WLL) with the expectation crude oil prices would rebound in
The GoodHaven Fund (GOODX) surged back from a years-long stretch of underperformance with returns of more than double the S&P 500 this year as early bets on basic materials paid off along with the rebound in the sector.
Managing partners Larry Pitkowsky and Keith Trauner founded GoodHaven in 2011 following their departure from well-known investor Bruce Berkowitz (Trades, Portfolio)’s Fairholme Fund (Trades, Portfolio). Though they shun style categorizations, the founders follow principles of value investing pioneer Ben Graham and like their former colleague Berkowitz choose stocks priced at discounts to intrinsic value.
There was a lot of hope pinned on the meeting in Doha on April 17 with expectations of potential production freeze that would support oil prices and exploration stocks. However, the outcome disappointed as geo-political tensions between Iran and Saudi Arabia determined the meeting outcome.Â
There are several factors that are likely to determine the trend for oil prices in the near term.
First, with the failure to reach production freeze in Doha talks, I believe that oil will trend lower in the coming days and I am concerned as the geo-political tensions between Saudi Arabia and Iran can
Whiting Petroleum (WLL) has faced a stiff challenge since the decline in oil prices, and the stock has fallen by 77% in the last year. With oil trending higher recently and with several names in the oil and gas sector trading at deep value, I have discussed some quality names in the sector worth buying. However, even after deep correction, Whiting Petroleum is still not on my buying radar.
The first concern is that Whiting Petroleum had cash and equivalents of just $16.1 million as of December 2015. While the company’s overall liquidity buffer as of December 2015 is $2.7
Indexes finished slightly up on Thursday but well off the session highs. There were some comments out of Davos, Switzerland, that the European Central Bank will offer more stimulus at its next meeting in March.
If you own anything related to energy, Khalid al-Falih, chairman of Saudi Aramco, had an interesting comment, saying oil has “overshot” to the downside, and it is inevitable that the price will start turning higher. As expected, oil prices and energy stocks related to oil had a nice rebound. Khalid’s comments come at the same time T. Boone Pickens is calling a bottom in
John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world, managing approximately $29 billion and focusing on merger, event and distressed strategies.
The hedge fund has a portfolio composed of 61 stocks with a total value of $18,723 million. The following are the most heavily weighted sales during the third quarter.
Paulson sold out his stake of Houghton Mifflin Harcourt CompanyÂ (HMHC) with an impact of 1.46% on the portfolio.
The company is an educational and
Oil guru T. Boone Pickens purchased three new stakes and sold out of 13 as the price of WTI crude oil slid another 20% in the third quarter.
Pickens had earlier in the year predicted oil prices would rise to $70 per barrel by the end of the year, which he called “maybe a bad call” this week, incorrectly thinking he had seen the bottom.
“If I’m off, I may be off by six months,” he told Bloomberg.
Pickens is an energy investor who in 1997 founded BP Capital, a firm that operates hedge funds and
Bass’ stake consisted of 2,105,263 shares and joined 23 other positions he added from the oil and gas sector in the first quarter, out of a total of 26 listed positions. Energy stocks consumed 23.6% of his stock portfolio because sizable positions from other sectors dominated his top holdings.
The day before Bass reported his stake, Eco-Stim held a public offering of common stock for 5.5 million shares, priced at
Andreas Halvorsen (Trades, Portfolio)’s hedge fund Whiting Petroleum took a 5.02% stake in Whiting Petroleum Corporation (WLL), a company that has seen a number of guru buyers, on July 2, according to Real Time Picks.
Halvorsen purchased 10,260,287 of the company’s shares, worth 1.25% of his total managed assets. The company’s share price closed at $33.79 on the reported day of the purchase, far below their 52-week high of $92.92, and near a five-year low. Shares tumbled 62.5% over the past year, as WTI crude oil prices slipped 45.6% from July last year.
Mason Hawkins (Trades, Portfolio) has been chairman and chief executive officer of Southeastern Asset Management since 1975, and its investment philosophy has been to consistently employ its time-tested value approach to long-only equity investing based on owning strong businesses with good people at deeply discounted prices. It seeks to reduce risk and deliver positive absolute returns for investors over time. Southeastern is 100% employee-owned and manages both the Longleaf Partners Funds and separately managed accounts for institutional clients.
His portfolio is composed of 30 stocks and has a total value of $15,932 Mil.
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|2020-06-30 $ 1.13 (-5.83%)|
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|2020-06-17 $ 1.61 (-9.55%)|
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|2020-06-10 $ 1.57 (-33.19%)|
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|2020-06-02 $ 0.84 (3.7%)|
|2020-05-29 $ 0.7 (-11.39%)|
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|2020-05-08 $ 1.07 (0.94%)|
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|2020-04-29 $ 1.26 (8.62%)|
|2020-04-28 $ 1.16 (13.73%)|
|2020-04-27 $ 1.02 (-8.93%)|
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|2020-04-14 $ 0.35 (-2.78%)|
|2020-04-13 $ 0.36 (%)|
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|2020-04-01 $ 0.37 (-44.78%)|
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|2019-04-17 $ 27.87 (-2.99%)|
|2018-02-13 $ 22.67 (-2.79%)|
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|2017-09-18 $ 19.6 (0.82%)|
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|2016-12-22 $ 49.28 (1.65%)|
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|2016-03-24 $ 30.16 (5.01%)|
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|2015-07-14 $ 117.96 (-2.06%)|
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|2014-11-26 $ 212.56 (-3.36%)|
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|2014-09-10 $ 336.36 (0.86%)|
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|2011-03-11 $ 253.6 (1.08%)|
|2010-11-03 $ 206.04 (0.33%)|
|2010-03-09 $ 155.74 (0.08%)|
|2009-11-06 $ 122.6 (0.54%)|