Robert W. Baird set a $27.00 target price on Whiting Petroleum (NYSE:WLL) in a report released on Monday, December 18th, Marketbeat.com reports. The firm currently has an outperform rating on the oil and gas exploration company’s stock.
Several other research analysts have also recently weighed in on WLL. ValuEngine cut shares of Whiting Petroleum from a sell rating to a strong sell rating in a report on Friday, September 1st. Tudor Pickering cut shares of Whiting Petroleum from a hold rating to a sell rating in a report on Tuesday, September 5th. Morgan Stanley cut shares of Whiting Petroleum from an equal weight rating to an underweight rating and reduced their price target for the company from $20.00 to $14.00 in a report on Tuesday, September 12th. Cowen reiterated a buy rating and issued a $32.00 price target on shares of Whiting Petroleum in a report on Sunday, September 17th. Finally, Piper Jaffray Companies reduced their price target on shares of Whiting Petroleum from $40.00 to $28.00 and set a neutral rating for the company in a report on Monday, September 18th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $32.99.
Whiting Petroleum (NYSE:WLL) traded up $1.12 during trading on Monday, hitting $29.72. 6,309,166 shares of the stock traded hands, compared to its average volume of 4,966,654. The firm has a market capitalization of $2,700.00, a PE ratio of -4.14 and a beta of 3.39. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $52.32. 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 (NYSE:WLL) last released 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 Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.88) earnings per share. equities research analysts forecast that Whiting Petroleum will post -2.27 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Equity Partners LLC bought a new stake in Whiting Petroleum during the second quarter worth $102,000. Shell Asset Management Co. bought a new stake in Whiting Petroleum during the third quarter worth $1,565,000. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum during the third quarter worth $133,000. First Allied Advisory Services Inc. raised its position in Whiting Petroleum by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after acquiring an additional 475 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in Whiting Petroleum by 92.9% during the second quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after acquiring an additional 12,815 shares in the last quarter.
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About Whiting Petroleum
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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