Brokerages Set Whiting Petroleum Corporation (WLL) Price Target at $12.03

Shares of Whiting Petroleum Corporation (NYSE:WLL) have been given an average recommendation of “Hold” by the thirty brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $11.87.

A number of brokerages have weighed in on WLL. Credit Suisse Group reiterated a “buy” rating and set a $15.00 price target on shares of Whiting Petroleum Corporation in a research report on Friday, March 31st. BMO Capital Markets set a $10.00 price target on shares of Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Monday, May 15th. FBR & Co dropped their price target on shares of 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. Iberia Capital restated a “sector perform” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a report on Friday, May 12th. Finally, UBS AG cut shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $12.00 to $8.00 in a report on Thursday, March 23rd.

A number of institutional investors have recently made changes to their positions in WLL. Investment Counselors of Maryland LLC boosted its position in Whiting Petroleum Corporation by 0.5% in the first quarter. Investment Counselors of Maryland LLC now owns 1,463,867 shares of the oil and gas exploration company’s stock worth $13,848,000 after buying an additional 6,875 shares during the period. Janney Montgomery Scott LLC boosted its position in Whiting Petroleum Corporation by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company’s stock worth $241,000 after buying an additional 4,469 shares during the period. B & T Capital Management DBA Alpha Capital Management bought a new position in Whiting Petroleum Corporation during the first quarter worth $303,000. Nationwide Fund Advisors boosted its position in Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock worth $421,000 after buying an additional 5,717 shares during the period. Finally, Cypress Capital Management LLC WY boosted its position in Whiting Petroleum Corporation by 3,660.0% in the first quarter. Cypress Capital Management LLC WY now owns 75,200 shares of the oil and gas exploration company’s stock worth $711,000 after buying an additional 73,200 shares during the period. 82.20% of the stock is currently owned by institutional investors.

Whiting Petroleum Corporation (NYSE:WLL) traded up 0.58% during midday trading on Friday, reaching $5.17. 18,655,656 shares of the company’s stock traded hands. The firm’s 50-day moving average is $6.88 and its 200-day moving average is $9.51. The company’s market capitalization is $1.88 billion. Whiting Petroleum Corporation has a 1-year low of $4.81 and a 1-year high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. Whiting Petroleum Corporation had a negative net margin of 106.04% and a negative return on equity of 8.76%. The business had revenue of $371.30 million during the quarter, compared to analysts’ expectations of $359.28 million. During the same period last year, the business earned ($0.85) earnings per share. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. Analysts forecast that Whiting Petroleum Corporation will post ($0.61) earnings per share for the current year.

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Whiting Petroleum Corporation Company Profile

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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