CIBC restated their market perform rating on shares of Whiting Petroleum (NYSE:WLL) in a report issued on Thursday, FirstToMarketsRatingsTable reports.
A number of other analysts also recently issued reports on WLL. Bank of America lowered their price target on shares of Whiting Petroleum from $32.00 to $28.00 and set a buy rating on the stock in a report on Thursday. SunTrust Banks reissued a buy rating and set a $35.00 price target on shares of Whiting Petroleum in a report on Monday, June 24th. KeyCorp increased their price target on shares of Whiting Petroleum from $33.00 to $35.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Oppenheimer downgraded shares of Whiting Petroleum from an outperform rating to a market perform rating in a report on Thursday. Finally, LADENBURG THALM/SH SH downgraded shares of Whiting Petroleum from a buy rating to a neutral rating and lowered their price target for the stock from $30.00 to $20.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Whiting Petroleum currently has a consensus rating of Buy and an average target price of $36.35.
Shares of NYSE WLL opened at $11.06 on Thursday. The business’s fifty day moving average price is $16.65. Whiting Petroleum has a 1 year low of $10.44 and a 1 year high of $55.17. The stock has a market capitalization of $1.01 billion, a P/E ratio of 5.07 and a beta of 2.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.58.
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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.52). Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. The firm 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 business’s quarterly revenue was down 19.0% on a year-over-year basis. As a group, equities analysts predict that Whiting Petroleum will post 0.61 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Whiting Petroleum by 71.3% in the fourth 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. GMT Capital Corp lifted its stake in shares of Whiting Petroleum by 2.3% in the first quarter. GMT Capital Corp now owns 1,903,395 shares of the oil and gas exploration company’s stock worth $49,755,000 after buying an additional 41,900 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Whiting Petroleum by 190.1% in the first 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. Norges Bank purchased a new position in shares of Whiting Petroleum in the fourth quarter worth about $23,869,000. Finally, Geode Capital Management LLC lifted its stake in shares of Whiting Petroleum by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 876,531 shares of the oil and gas exploration company’s stock worth $19,887,000 after buying an additional 25,116 shares in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
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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