Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reiterated by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday, January 9th. They currently have a $40.00 target price on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 48.37% from the stock’s previous close.
WLL has been the topic of several other research reports. Morgan Stanley set a $16.00 price target on shares of Whiting Petroleum and gave the company a “sell” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barclays set a $20.00 price objective on shares of Whiting Petroleum and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, Imperial Capital reduced their price objective on shares of Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating on the stock in a research report on Monday, November 13th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.28.
Whiting Petroleum (NYSE WLL) opened at $26.96 on Tuesday. 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 1-year low of $15.88 and a 1-year high of $47.00. The stock has a market cap of $2,600.32, a P/E ratio of -3.74 and a beta of 3.33.
Large investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Whiting Petroleum by 44.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after acquiring an additional 8,737,870 shares in the last quarter. Vanguard Group Inc. increased its holdings in Whiting Petroleum by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock worth $155,236,000 after buying an additional 254,053 shares during the period. Fine Capital Partners L.P. increased its holdings in Whiting Petroleum by 23.7% in the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock worth $144,114,000 after buying an additional 5,057,592 shares during the period. Dimensional Fund Advisors LP increased its holdings in Whiting Petroleum by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after buying an additional 4,483,396 shares during the period. Finally, Schneider Capital Management Corp boosted its position in Whiting Petroleum by 63.7% in the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after purchasing an additional 2,230,237 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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