Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reiterated by analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday. They currently have a $40.00 target price on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 34.59% from the company’s current price.
A number of other research analysts also recently weighed in on the company. ValuEngine downgraded Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Barclays reissued a “hold” rating and issued a $20.00 target price on shares of Whiting Petroleum in a report on Sunday, December 24th. Seaport Global Securities raised Whiting Petroleum from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Robert W. Baird set a $27.00 target price on Whiting Petroleum and gave the company an “outperform” rating in a report on Monday, December 18th. Finally, R. F. Lafferty reissued a “hold” rating and issued a $28.00 target price on shares of Whiting Petroleum in a report on Tuesday, December 12th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.31.
Whiting Petroleum (NYSE:WLL) traded up $1.12 during trading on Tuesday, hitting $29.72. The company had a trading volume of 6,297,200 shares, compared to its average volume of 4,966,654. 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 has a 12 month low of $15.88 and a 12 month high of $52.32. The stock has a market capitalization of $2,700.00, a PE ratio of -4.14 and a beta of 3.39.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same quarter in the prior year, the company earned ($1.88) earnings per share. Whiting Petroleum’s revenue was up 2.8% on a year-over-year basis. research analysts anticipate that Whiting Petroleum will post -2.27 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC bought a new stake in Whiting Petroleum during the 2nd quarter valued at approximately $102,000. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum during the 3rd quarter valued at approximately $133,000. First Allied Advisory Services Inc. raised its stake in Whiting Petroleum by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares during the period. Gotham Asset Management LLC raised its stake in Whiting Petroleum by 92.9% during the 2nd quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock valued at $147,000 after purchasing an additional 12,815 shares during the period. Finally, Advisor Group Inc. raised its stake in Whiting Petroleum by 167.2% during the 3rd quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock valued at $154,000 after purchasing an additional 17,604 shares during the period.
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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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