Whiting Petroleum Corp (WLL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Whiting Petroleum Corp (NYSE:WLL) have earned a consensus rating of “Hold” from the thirty-two analysts that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.63.

Several research firms have recently weighed in on WLL. Credit Suisse Group began coverage on Whiting Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $29.00 target price on the stock. ValuEngine downgraded Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Piper Jaffray Companies reduced their price objective on Whiting Petroleum from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Morgan Stanley downgraded Whiting Petroleum from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $14.00 in a research report on Tuesday, September 12th. Finally, Barclays lifted their price objective on Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th.

Shares of Whiting Petroleum (NYSE:WLL) traded up $0.12 during mid-day trading on Friday, reaching $28.11. The company’s stock had a trading volume of 4,187,700 shares, compared to its average volume of 4,541,367. The stock has a market capitalization of $2,500.00, a P/E ratio of -3.92 and a beta of 3.39. 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 has a 52 week low of $15.88 and a 52 week high of $53.48.

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, beating the consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million for 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.88) earnings per share. equities research analysts anticipate that Whiting Petroleum will post -2.27 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Davidson Kempner Capital Management LP acquired a new stake in shares of Whiting Petroleum in the second quarter valued at $8,265,000. Marshall Wace North America L.P. purchased a new stake in Whiting Petroleum during the 2nd quarter worth about $1,268,000. Stephens Inc. AR lifted its holdings in shares of Whiting Petroleum by 684.7% in the 2nd quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock valued at $3,612,000 after purchasing an additional 571,993 shares during the last quarter. Shell Asset Management Co. acquired a new position in Whiting Petroleum in the 3rd quarter valued at about $1,565,000. Finally, DFT Energy LP increased its position in Whiting Petroleum by 25.0% in the 3rd quarter. DFT Energy LP now owns 2,000,000 shares of the oil and gas exploration company’s stock valued at $11,060,000 after acquiring an additional 400,000 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.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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