ValuEngine upgraded shares of Whiting Petroleum Corporation (NYSE:WLL) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.
WLL has been the topic of a number of other reports. Tudor Pickering downgraded shares of Whiting Petroleum Corporation from a hold rating to a sell rating in a research note on Tuesday, September 5th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum Corporation and gave the company a sell rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a sell rating to a hold rating in a research note on Tuesday, August 1st. Barclays PLC set a $20.00 target price on shares of Whiting Petroleum Corporation and gave the company a hold rating in a research note on Wednesday, October 11th. Finally, Bank of America Corporation initiated coverage on shares of Whiting Petroleum Corporation in a research note on Wednesday, July 19th. They issued an underperform rating and a $24.00 target price for the company. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $36.45.
Whiting Petroleum Corporation (NYSE WLL) opened at $25.74 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum Corporation has a one year low of $15.88 and a one year high of $53.56.
Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The business had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same period in the prior year, the firm earned ($1.88) EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts expect that Whiting Petroleum Corporation will post -2.41 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group increased its stake in Whiting Petroleum Corporation by 119.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,262,501 shares of the oil and gas exploration company’s stock worth $6,981,000 after buying an additional 686,060 shares during the period. Legal & General Group Plc increased its stake in Whiting Petroleum Corporation by 2.8% during 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 buying an additional 15,264 shares during the period. GMT Capital Corp purchased a new stake in Whiting Petroleum Corporation during the 3rd quarter worth approximately $2,829,000. Teachers Retirement System of The State of Kentucky acquired a new position in Whiting Petroleum Corporation during the 3rd quarter worth approximately $566,000. Finally, South Dakota Investment Council grew its holdings in Whiting Petroleum Corporation by 38.3% during 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 in the last quarter. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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