Whiting Petroleum Corporation (NYSE:WLL) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, July 11th.
WLL has been the subject of several other research reports. UBS AG cut shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $12.00 to $8.00 in a research report on Thursday, March 23rd. Macquarie cut shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $5.30 to $5.70 in a research report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of Whiting Petroleum Corporation in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) downgraded shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $11.50 to $7.25 in a report on Tuesday, May 30th. Finally, Iberia Capital reiterated a “sector perform” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a report on Friday, May 12th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.28.
Shares of Whiting Petroleum Corporation (NYSE:WLL) traded up 0.84% during trading on Tuesday, hitting $4.79. The company had a trading volume of 15,066,255 shares. Whiting Petroleum Corporation has a 52-week low of $4.61 and a 52-week high of $13.39. The firm’s market capitalization is $1.74 billion. The stock’s 50-day moving average is $5.20 and its 200 day moving average is $8.08.
Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same period in the prior year, the firm earned ($0.70) EPS. The business’s revenue was down 7.6% on a year-over-year basis. Equities research analysts predict that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of WLL. Dimensional Fund Advisors LP boosted its position in Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares during the last quarter. Vanguard Group Inc. boosted its position in Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after buying an additional 6,211,479 shares during the last quarter. Norges Bank acquired a new position in Whiting Petroleum Corporation during the fourth quarter worth about $38,888,000. Renaissance Technologies LLC acquired a new position in Whiting Petroleum Corporation during the first quarter worth about $29,442,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Whiting Petroleum Corporation by 10.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock worth $171,012,000 after buying an additional 1,676,942 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
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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