Whiting Petroleum Corporation (WLL) Rating Reiterated by BMO Capital Markets

BMO Capital Markets restated their hold rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a research note issued to investors on Wednesday, August 2nd.

WLL has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a hold rating and issued a $12.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, April 25th. R. F. Lafferty increased their price objective 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. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a hold rating to a sell rating in a research report on Thursday, July 13th. FBR & Co cut their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a mkt perform rating on the stock in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus cut their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating on the stock in a research report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $11.28.

Whiting Petroleum Corporation (NYSE:WLL) opened at 4.79 on Wednesday. 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 company has a 50-day moving average of $5.19 and a 200-day moving average of $8.03.

Whiting Petroleum Corporation (NYSE:WLL) last released its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.70) EPS. On average, equities analysts forecast that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its position in Whiting Petroleum Corporation by 1.4% in the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 388 shares during the period. Teacher Retirement System of Texas raised its position in 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 period. World Asset Management Inc raised its position 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 period. Sentinel Trust Co. LBA raised its position in Whiting Petroleum Corporation by 0.6% in the second quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock worth $835,000 after buying an additional 850 shares during the period. Finally, MML Investors Services LLC raised its position in Whiting Petroleum Corporation by 1.9% in the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock worth $260,000 after buying an additional 895 shares during the period. 82.63% of the stock is owned by hedge funds and other institutional investors.

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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