Whiting Petroleum Corporation (NYSE:WLL) has received a consensus recommendation of “Hold” from the thirty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research 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 company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.33.
Several equities research analysts have recently issued reports on WLL shares. FBR & Co lowered their price objective 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. Credit Suisse Group reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Whiting Petroleum Corporation in a research report on Monday, May 8th. R. F. Lafferty raised their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. BMO Capital Markets set a $10.00 target price on shares of Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd.
Shares of Whiting Petroleum Corporation (WLL) opened at 4.79 on Friday. Whiting Petroleum Corporation has a 12-month low of $4.61 and a 12-month high of $13.39. The company has a 50 day moving average price of $5.19 and a 200-day moving average price of $8.03. The firm’s market cap is $1.74 billion.
Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same quarter in the prior year, the firm earned ($0.70) earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. Analysts expect that Whiting Petroleum Corporation will post ($0.71) EPS for the current year.
A number of large investors have recently bought and sold shares of the company. World Asset Management Inc raised its stake in 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. Gotham Asset Management LLC raised its stake in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after buying an additional 2,566 shares during the last quarter. Capital Innovations LLC acquired a new stake in Whiting Petroleum Corporation during the first quarter worth $133,000. Koch Industries Inc. acquired a new stake in Whiting Petroleum Corporation during the first quarter worth $138,000. Finally, Robecosam AG acquired a new stake in Whiting Petroleum Corporation during the first quarter worth $138,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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