Shares of Whiting Petroleum Corp (NYSE:WLL) have been given a consensus recommendation of “Buy” by the thirty-two brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.58.
Several equities research analysts have recently weighed in on WLL shares. Bank of America raised shares of Whiting Petroleum from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Stifel Nicolaus set a $49.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Monday, April 23rd. Johnson Rice started coverage on shares of Whiting Petroleum in a research report on Wednesday, March 21st. They issued a “buy” rating and a $58.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of Whiting Petroleum in a research report on Wednesday, April 11th. Finally, Seaport Global Securities raised shares of Whiting Petroleum from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, March 7th.
Institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC increased its stake in Whiting Petroleum by 675.4% during the 1st quarter. Nuveen Asset Management LLC now owns 188,283 shares of the oil and gas exploration company’s stock valued at $6,371,000 after purchasing an additional 164,000 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Whiting Petroleum during the 4th quarter valued at approximately $31,776,000. Gotham Asset Management LLC acquired a new position in Whiting Petroleum during the 4th quarter valued at approximately $2,686,000. Two Sigma Advisers LP acquired a new position in Whiting Petroleum during the 4th quarter valued at approximately $1,888,000. Finally, SIR Capital Management L.P. acquired a new position in Whiting Petroleum during the 4th quarter valued at approximately $8,801,000. Institutional investors and hedge funds own 99.85% of the company’s stock.
Shares of WLL traded down $0.30 during mid-day trading on Friday, hitting $52.72. The company’s stock had a trading volume of 2,332,977 shares, compared to its average volume of 4,923,234. Whiting Petroleum has a 52-week low of $15.88 and a 52-week high of $56.47. The stock has a market capitalization of $4.87 billion, a PE ratio of -40.25, a PEG ratio of 2.35 and a beta of 2.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.58 and a current ratio of 0.58.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.70. Whiting Petroleum had a negative net margin of 69.88% and a negative return on equity of 1.08%. The firm had revenue of $515.10 million during the quarter, compared to analysts’ expectations of $476.68 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue was up 38.7% compared to the same quarter last year. equities research analysts forecast that Whiting Petroleum will post 2.85 EPS for the current year.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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