Whiting Petroleum (NYSE:WLL) has been assigned a $68.00 price target by investment analysts at Stephens in a research report issued on Tuesday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Stephens’ price objective points to a potential upside of 66.34% from the stock’s current price.
Several other brokerages also recently weighed in on WLL. KeyCorp upped their target price on shares of Whiting Petroleum from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus set a $49.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Monday. Wolfe Research raised shares of Whiting Petroleum from an “underperform” rating to a “market perform” rating in a report on Tuesday. Piper Jaffray reaffirmed a “hold” rating and issued a $46.00 target price on shares of Whiting Petroleum in a report on Wednesday, April 18th. Finally, Morgan Stanley raised shares of Whiting Petroleum from an “underweight” rating to an “equal weight” rating and set a $22.00 target price for the company in a report on Friday, April 20th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.63.
Shares of Whiting Petroleum stock opened at $40.88 on Tuesday. The firm has a market capitalization of $3,611.63, a P/E ratio of -31.21, a PEG ratio of 2.36 and a beta of 2.91. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.71. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $40.91.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.13. The company had revenue of $474.40 million during the quarter, compared to the consensus estimate of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. Whiting Petroleum’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.28) EPS. sell-side analysts forecast that Whiting Petroleum will post 1.15 EPS for the current year.
In related news, VP David M. Seery sold 1,059 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the transaction, the vice president now owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. bought a new position in shares of Whiting Petroleum in the 4th quarter valued at about $918,000. Gotham Asset Management LLC bought a new position in shares of Whiting Petroleum in the 4th quarter valued at about $2,686,000. Two Sigma Advisers LP bought a new position in shares of Whiting Petroleum in the 4th quarter valued at about $1,888,000. Encompass Capital Advisors LLC bought a new position in shares of Whiting Petroleum in the 4th quarter valued at about $31,776,000. Finally, Quantitative Investment Management LLC bought a new position in shares of Whiting Petroleum in the 4th quarter valued at about $473,000. 97.58% of the stock is owned by hedge funds and other institutional investors.
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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.
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