Whiting Petroleum Corporation (NYSE:WLL) received a $40.00 price objective from stock analysts at Stifel Nicolaus in a report issued on Thursday, October 26th. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Stifel Nicolaus’ target price points to a potential upside of 55.40% from the company’s current price.
Several other brokerages have also recently issued reports on WLL. Piper Jaffray Companies dropped their target price on Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Morgan Stanley cut Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and set a $32.00 price objective on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Citigroup Inc. lowered their price target on Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, KeyCorp reissued a “buy” rating and issued a $28.00 price target on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.45.
Shares of Whiting Petroleum Corporation (WLL) traded down $2.16 during mid-day trading on Thursday, reaching $25.74. The company had a trading volume of 10,786,500 shares, compared to its average volume of 6,054,283. 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 has a 12 month low of $15.88 and a 12 month high of $53.56.
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 for the quarter, beating the consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. During the same period last year, the company earned ($1.88) earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. sell-side analysts anticipate that Whiting Petroleum Corporation will post -2.41 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group increased its position in Whiting Petroleum Corporation by 119.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,262,501 shares of the oil and gas exploration company’s stock valued at $6,981,000 after acquiring an additional 686,060 shares during the period. Legal & General Group Plc grew its holdings in shares of Whiting Petroleum Corporation by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 567,017 shares of the oil and gas exploration company’s stock worth $3,097,000 after acquiring an additional 15,264 shares during the period. GMT Capital Corp acquired a new stake in shares of Whiting Petroleum Corporation in the 3rd quarter worth approximately $2,829,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Whiting Petroleum Corporation in the 3rd quarter worth approximately $566,000. Finally, South Dakota Investment Council grew its holdings in shares of Whiting Petroleum Corporation by 38.3% in the 3rd quarter. South Dakota Investment Council now owns 611,709 shares of the oil and gas exploration company’s stock worth $3,340,000 after acquiring an additional 169,515 shares during the period. Hedge funds and other institutional investors own 84.05% of the company’s stock.
Whiting Petroleum Corporation Company Profile
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.
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