Whiting Petroleum Corporation (WLL) Rating Reiterated by Iberia Capital

Whiting Petroleum Corporation (NYSE:WLL)‘s stock had its “sector perform” rating restated by investment analysts at Iberia Capital in a report issued on Friday, May 12th. They presently have a $10.00 price objective on the oil and gas exploration company’s stock. Iberia Capital’s target price indicates a potential upside of 68.35% from the stock’s current price.

A number of other analysts have also commented on the company. FBR & Co decreased their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research report on Wednesday, May 10th. Credit Suisse Group reissued an “outperform” rating and set a $15.00 price objective on shares of Whiting Petroleum Corporation in a report on Monday, May 8th. Scotiabank set a $16.00 target price on Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Monday, March 27th. R. F. Lafferty upped their target price on Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $14.00 target price on shares of Whiting Petroleum Corporation in a report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.38.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

Whiting Petroleum Corporation (NYSE WLL) traded up 5.13% during trading on Friday, reaching $5.94. The company’s stock had a trading volume of 28,277,599 shares. The firm’s market cap is $2.15 billion. Whiting Petroleum Corporation has a 52 week low of $5.55 and a 52 week high of $13.39. The stock’s 50 day moving average is $7.63 and its 200-day moving average is $9.93.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. Whiting Petroleum Corporation had a negative return on equity of 8.76% and a negative net margin of 106.04%. The business had revenue of $371.30 million during the quarter, compared to analyst estimates of $359.28 million. During the same period in the previous year, the company posted ($0.85) EPS. The firm’s revenue was up 28.2% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corporation will post ($0.51) earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Bienville Capital Management LLC increased its stake in Whiting Petroleum Corporation by 1.0% in the fourth quarter. Bienville Capital Management LLC now owns 10,398 shares of the oil and gas exploration company’s stock worth $125,000 after buying an additional 107 shares during the period. Baird Financial Group Inc. increased its stake in shares of Whiting Petroleum Corporation by 1.5% in the fourth quarter. Baird Financial Group Inc. now owns 20,480 shares of the oil and gas exploration company’s stock worth $246,000 after buying an additional 300 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Whiting Petroleum Corporation by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 323 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares during the last quarter. Finally, World Asset Management Inc increased its stake in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.

About Whiting Petroleum Corporation

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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