Whiting Petroleum (WLL) Downgraded to Strong Sell at ValuEngine

ValuEngine cut shares of Whiting Petroleum (NYSE:WLL) from a sell rating to a strong sell rating in a report published on Friday, February 2nd.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $40.00 price objective on Whiting Petroleum and gave the stock a buy rating in a research report on Thursday, October 5th. SunTrust Banks set a $36.00 price objective on Whiting Petroleum and gave the stock a buy rating in a research report on Friday, October 20th. KeyCorp set a $28.00 price objective on Whiting Petroleum and gave the stock a buy rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded Whiting Petroleum from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Thursday, October 12th. Finally, Cowen reiterated a buy rating and set a $32.00 price objective on shares of Whiting Petroleum in a research report on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $34.28.

Whiting Petroleum (NYSE:WLL) opened at $23.32 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2,038.90, a price-to-earnings ratio of -3.24 and a beta of 3.33. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $47.00.

A number of institutional investors have recently added to or reduced their stakes in WLL. Hotchkis & Wiley Capital Management LLC boosted its stake 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 purchasing an additional 8,737,870 shares in the last quarter. Fine Capital Partners L.P. boosted its stake in shares of Whiting Petroleum by 23.7% during the third quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after purchasing an additional 5,057,592 shares in the last quarter. Schneider Capital Management Corp boosted its stake in shares of Whiting Petroleum by 63.7% during the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares in the last quarter. DW Partners LP acquired a new stake in shares of Whiting Petroleum during the third quarter valued at about $10,390,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Whiting Petroleum during the second quarter valued at about $8,265,000.

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Whiting Petroleum Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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