Whiting Petroleum Corporation (WLL) Price Target Cut to $28.00 by Analysts at J P Morgan Chase & Co

Whiting Petroleum Corporation (NYSE:WLL) had its target price lowered by J P Morgan Chase & Co from $32.00 to $28.00 in a research report sent to investors on Wednesday, November 1st. The firm currently has a neutral rating on the oil and gas exploration company’s stock.

WLL has been the topic of a number of other research reports. Tudor Pickering lowered Whiting Petroleum Corporation from a hold rating to a sell rating in a research note on Tuesday, September 5th. ValuEngine lowered Whiting Petroleum Corporation from a sell rating to a strong sell rating in a research note on Friday, September 1st. Morgan Stanley set a $16.00 target price on Whiting Petroleum Corporation and gave the stock a sell rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Whiting Petroleum Corporation from a sell rating to a hold rating in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $20.00 price target on Whiting Petroleum Corporation and gave the company a hold rating in a research note on Wednesday, October 11th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $36.45.

Whiting Petroleum Corporation (NYSE WLL) traded down $2.16 during midday trading on Wednesday, hitting $25.74. The stock had a trading volume of 10,786,500 shares, compared to its average volume of 4,645,927. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. Whiting Petroleum Corporation’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned ($1.88) earnings per share. sell-side analysts expect that Whiting Petroleum Corporation will post -2.41 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Gotham Asset Management LLC increased its position in Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after acquiring an additional 2,566 shares during the period. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at approximately $102,000. Shell Asset Management Co. acquired a new position in Whiting Petroleum Corporation in the 3rd quarter valued at approximately $1,565,000. Campbell & CO Investment Adviser LLC increased its position in Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 3,988 shares during the period. Finally, Palisade Capital Management LLC NJ acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at approximately $121,000. Hedge funds and other institutional investors own 84.05% of the company’s stock.

About Whiting Petroleum Corporation

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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