Barclays Reaffirms “Hold” Rating for Whiting Petroleum (NYSE:WLL)

Barclays reissued their hold rating on shares of Whiting Petroleum (NYSE:WLL) in a report issued on Sunday morning, AnalystRatings.com reports. The brokerage currently has a $5.00 target price on the oil and gas exploration company’s stock.

A number of other research analysts also recently weighed in on the stock. Seaport Global Securities downgraded shares of Whiting Petroleum from a buy rating to a neutral rating in a research report on Thursday, October 10th. Zacks Investment Research lowered shares of Whiting Petroleum from a hold rating to a strong sell rating and set a $7.00 target price for the company. in a research note on Friday, August 16th. SunTrust Banks lowered their price target on Whiting Petroleum to $13.00 and set a sell rating on the stock in a report on Thursday, September 5th. Piper Jaffray Companies cut their price objective on Whiting Petroleum from $19.00 to $12.00 and set a neutral rating for the company in a report on Monday, September 30th. Finally, Citigroup cut Whiting Petroleum from a buy rating to a neutral rating and reduced their price objective for the company from $14.00 to $10.50 in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. Whiting Petroleum currently has an average rating of Hold and a consensus price target of $13.71.

NYSE WLL opened at $5.19 on Friday. Whiting Petroleum has a one year low of $4.29 and a one year high of $33.45. The stock has a 50-day moving average of $6.20 and a 200 day moving average of $11.18. The company has a market capitalization of $473.85 million, a price-to-earnings ratio of 2.38 and a beta of 3.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.44 and a current ratio of 0.44.

Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.30). The company had revenue of $372.89 million for the quarter, compared to the consensus estimate of $405.25 million. Whiting Petroleum had a net margin of 6.62% and a negative return on equity of 1.90%. Whiting Petroleum’s revenue was down 34.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. On average, equities analysts predict that Whiting Petroleum will post -1.1 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Personal Wealth Partners bought a new stake in shares of Whiting Petroleum during the 2nd quarter valued at $44,000. Public Employees Retirement System of Ohio raised its holdings in Whiting Petroleum by 58.4% during the third quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after acquiring an additional 3,570 shares during the period. Advisory Services Network LLC bought a new stake in Whiting Petroleum during the second quarter valued at about $87,000. Rational Advisors LLC lifted its position in shares of Whiting Petroleum by 782.4% in the third quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock valued at $120,000 after acquiring an additional 13,246 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Whiting Petroleum by 12.7% in the third quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock worth $191,000 after acquiring an additional 2,679 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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