Whiting Petroleum (WLL) Earns Hold Rating from Barclays

Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reiterated by research analysts at Barclays in a research report issued to clients and investors on Sunday. They presently have a $20.00 price objective on the oil and gas exploration company’s stock. Barclays’ price target suggests a potential downside of 20.45% from the stock’s current price.

WLL has been the subject of several other research reports. Tudor Pickering cut Whiting Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Morgan Stanley set a $16.00 price target on Whiting Petroleum and gave the company a “sell” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Whiting Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Imperial Capital decreased their price target on Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating for the company in a research note on Monday, November 13th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.62.

Whiting Petroleum (NYSE:WLL) opened at $25.14 on Friday. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $53.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $2,262.02, a PE ratio of -3.49 and a beta of 3.40.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same quarter in the prior year, the firm earned ($1.88) EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts forecast that Whiting Petroleum will post -2.27 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado lifted its holdings in shares of Whiting Petroleum by 10.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 54,322 shares of the oil and gas exploration company’s stock valued at $299,000 after purchasing an additional 4,930 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Whiting Petroleum by 47.8% in the second quarter. Janney Montgomery Scott LLC now owns 37,675 shares of the oil and gas exploration company’s stock valued at $208,000 after purchasing an additional 12,177 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Whiting Petroleum by 36.5% in the second quarter. Teacher Retirement System of Texas now owns 30,278 shares of the oil and gas exploration company’s stock valued at $167,000 after purchasing an additional 8,099 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Whiting Petroleum by 41.3% in the second quarter. Rhumbline Advisers now owns 325,089 shares of the oil and gas exploration company’s stock valued at $1,791,000 after purchasing an additional 94,947 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Whiting Petroleum by 80.1% in the second quarter. State of Wisconsin Investment Board now owns 71,738 shares of the oil and gas exploration company’s stock valued at $395,000 after purchasing an additional 31,910 shares in the last quarter.

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About Whiting Petroleum

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.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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