Seaport Global Securities upgraded shares of Whiting Petroleum (NYSE:WLL) from a sell rating to a neutral rating in a research note published on Tuesday, December 19th, MarketBeat reports. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q4 2017 earnings at ($0.46) EPS, FY2017 earnings at ($2.33) EPS, Q1 2018 earnings at ($0.26) EPS, Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.25) EPS, Q4 2018 earnings at ($0.36) EPS and FY2018 earnings at ($1.07) EPS.
Several other brokerages have also commented on WLL. Cowen restated a buy rating and set a $32.00 price target on shares of Whiting Petroleum in a research note on Sunday, September 17th. Zacks Investment Research upgraded Whiting Petroleum from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. Barclays lifted their target price on Whiting Petroleum from $5.00 to $19.00 and gave the company an equal weight rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 price target on Whiting Petroleum and gave the stock a sell rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets set a $24.00 price target on Whiting Petroleum and gave the stock a hold rating in a research note on Tuesday, October 10th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $33.31.
Whiting Petroleum (WLL) traded up $1.12 during mid-day trading on Tuesday, hitting $29.72. 6,297,200 shares of the company were exchanged, compared to its average volume of 4,966,654. The stock has a market capitalization of $2,700.00, a price-to-earnings ratio of -4.14 and a beta of 3.39. Whiting Petroleum has a 1 year low of $15.88 and a 1 year high of $52.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned ($1.88) earnings per share. research analysts anticipate that Whiting Petroleum will post -2.27 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Chicago Equity Partners LLC acquired a new position in shares of Whiting Petroleum in the 2nd quarter valued at $102,000. Cubist Systematic Strategies LLC acquired a new position in Whiting Petroleum during the 3rd quarter worth about $133,000. First Allied Advisory Services Inc. lifted 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 worth $138,000 after acquiring an additional 475 shares in the last quarter. Gotham Asset Management LLC lifted 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 worth $147,000 after acquiring an additional 12,815 shares in the last quarter. Finally, Advisor Group Inc. lifted 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 worth $154,000 after acquiring an additional 17,604 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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