Whiting Petroleum (WLL) Rating Increased to Overweight at Capital One Financial

Whiting Petroleum (NYSE:WLL) was upgraded by research analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday. Capital One Financial also issued estimates for Whiting Petroleum’s Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.04) EPS and Q4 2018 earnings at ($0.02) EPS.

WLL has been the topic of a number of other research reports. Imperial Capital increased their price target on Whiting Petroleum from $6.00 to $30.00 and gave the company a “line” rating in a research note on Monday, November 13th. R. F. Lafferty restated a “hold” rating and issued a $28.00 price target on shares of Whiting Petroleum in a research note on Tuesday, December 12th. Jefferies Group started coverage on Whiting Petroleum in a research note on Monday, October 9th. They issued a “hold” rating and a $24.00 price target on the stock. Credit Suisse Group started coverage on Whiting Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $29.00 price target on the stock. Finally, SunTrust Banks set a $36.00 price target on Whiting Petroleum and gave the company a “buy” rating in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. Whiting Petroleum presently has a consensus rating of “Hold” and an average target price of $33.53.

Whiting Petroleum (NYSE:WLL) traded up $0.58 during midday trading on Tuesday, hitting $30.61. The stock had a trading volume of 4,536,300 shares, compared to its average volume of 4,990,409. The firm has a market cap of $2,780.00, a P/E ratio of -4.26 and a beta of 3.39. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $49.64.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.24. The company 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 firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.88) EPS. equities analysts predict that Whiting Petroleum will post -2.28 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of WLL. Comerica Bank increased its position in shares of Whiting Petroleum by 22.9% in the second quarter. Comerica Bank now owns 35,328 shares of the oil and gas exploration company’s stock worth $176,000 after purchasing an additional 6,584 shares during the period. American Century Companies Inc. increased its position in shares of Whiting Petroleum by 81.7% in the second quarter. American Century Companies Inc. now owns 105,071 shares of the oil and gas exploration company’s stock worth $579,000 after purchasing an additional 47,240 shares during the period. Principal Financial Group Inc. increased its position in shares of Whiting Petroleum by 54.6% in the second quarter. Principal Financial Group Inc. now owns 55,204 shares of the oil and gas exploration company’s stock worth $304,000 after purchasing an additional 19,486 shares during the period. Swiss National Bank increased its position in shares of Whiting Petroleum by 29.0% in the second quarter. Swiss National Bank now owns 604,200 shares of the oil and gas exploration company’s stock worth $3,329,000 after purchasing an additional 135,700 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of Whiting Petroleum by 23.2% in the second quarter. Oppenheimer & Co. Inc. now owns 35,520 shares of the oil and gas exploration company’s stock worth $195,000 after purchasing an additional 6,700 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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