Whiting Petroleum Corporation (WLL) PT Lowered to $6.00

Whiting Petroleum Corporation (NYSE:WLL) had its price objective trimmed by Imperial Capital from $30.00 to $6.00 in a research report released on Monday morning. The brokerage currently has an in-line rating on the oil and gas exploration company’s stock.

Several other analysts have also weighed in on the company. Cowen and Company restated a buy rating and set a $32.00 price target on shares of Whiting Petroleum Corporation in a report on Friday, November 10th. Robert W. Baird increased their price target on Whiting Petroleum Corporation from $32.00 to $34.00 and gave the company an outperform rating in a report on Friday, November 10th. ValuEngine upgraded Whiting Petroleum Corporation from a sell rating to a hold rating in a report on Thursday, November 9th. Zacks Investment Research lowered Whiting Petroleum Corporation from a buy rating to a hold rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co decreased their price target on Whiting Petroleum Corporation from $32.00 to $28.00 and set a neutral rating on the stock in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $36.65.

Whiting Petroleum Corporation (NYSE WLL) traded up $0.79 during trading hours on Monday, reaching $23.06. The company had a trading volume of 5,070,656 shares, compared to its average volume of 4,686,977. Whiting Petroleum Corporation has a one year low of $15.88 and a one year high of $53.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. During the same quarter in the prior year, the firm posted ($1.88) EPS. Whiting Petroleum Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts forecast that Whiting Petroleum Corporation will post -2.44 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC boosted its holdings 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 acquiring an additional 388 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in Whiting Petroleum Corporation by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after acquiring an additional 475 shares in the last quarter. Sentinel Trust Co. LBA boosted its holdings 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 acquiring an additional 850 shares in the last quarter. MML Investors Services LLC boosted its holdings 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 acquiring an additional 895 shares in the last quarter. Finally, HL Financial Services LLC boosted its holdings in Whiting Petroleum Corporation by 2.1% in the second quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock worth $274,000 after acquiring an additional 1,000 shares in the last quarter. 84.33% 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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