Oppenheimer downgraded shares of Whiting Petroleum (NYSE:WLL) from an outperform rating to a market perform rating in a research note released on Thursday, BenzingaRatingsTable reports.
A number of other brokerages have also recently weighed in on WLL. Imperial Capital reaffirmed an in-line rating and set a $29.00 price target (down from $33.00) on shares of Whiting Petroleum in a research report on Friday, May 3rd. Zacks Investment Research cut shares of Whiting Petroleum from a buy rating to a hold rating and set a $27.00 price target for the company. in a research report on Saturday, May 11th. Morgan Stanley decreased their price target on shares of Whiting Petroleum from $21.00 to $19.00 and set an equal weight rating for the company in a research report on Friday, July 12th. SunTrust Banks reaffirmed a buy rating and set a $35.00 price target on shares of Whiting Petroleum in a research report on Monday, June 24th. Finally, Ifs Securities cut shares of Whiting Petroleum from an outperform rating to a market perform rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $37.70.
Whiting Petroleum stock traded up $0.22 during trading on Thursday, reaching $11.06. 12,129,678 shares of the company’s stock were exchanged, compared to its average volume of 6,853,006. The business’s 50-day simple moving average is $16.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 0.31. Whiting Petroleum has a 52-week low of $10.44 and a 52-week high of $55.17. The company has a market cap of $989.47 million, a price-to-earnings ratio of 25.21 and a beta of 2.97.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.52). Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. The business had revenue of $426.26 million for the quarter, compared to analysts’ expectations of $452.02 million. During the same period last year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was down 19.0% on a year-over-year basis. As a group, research analysts anticipate that Whiting Petroleum will post 0.61 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of WLL. Norges Bank acquired a new position in Whiting Petroleum in the 4th quarter worth $23,869,000. Deutsche Bank AG lifted its holdings in Whiting Petroleum by 71.3% in the 4th quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after buying an additional 1,051,214 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Whiting Petroleum by 190.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock worth $29,644,000 after buying an additional 743,087 shares in the last quarter. Perella Weinberg Partners Capital Management LP lifted its holdings in Whiting Petroleum by 216.3% in the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 747,239 shares of the oil and gas exploration company’s stock worth $13,958,000 after buying an additional 510,984 shares in the last quarter. Finally, Schneider Capital Management Corp lifted its holdings in Whiting Petroleum by 270.4% in the 1st quarter. Schneider Capital Management Corp now owns 640,217 shares of the oil and gas exploration company’s stock worth $16,735,000 after buying an additional 467,376 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.
Whiting Petroleum Company Profile
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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