Whiting Petroleum’s (WLL) Hold Rating Reaffirmed at BMO Capital Markets

Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a research report issued on Thursday. They presently have a $33.00 price target on the oil and gas exploration company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 11.04% from the company’s previous close.

WLL has been the topic of several other research reports. Imperial Capital boosted their target price on shares of Whiting Petroleum from $6.00 to $30.00 and gave the company a “line” rating in a research note on Monday, November 13th. R. F. Lafferty restated a “hold” rating and issued a $28.00 target price on shares of Whiting Petroleum in a research note on Tuesday, December 12th. Jefferies Group started coverage on shares of Whiting Petroleum in a research report on Monday, October 9th. They set a “hold” rating and a $24.00 price target on the stock. Credit Suisse Group started coverage on shares of Whiting Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, SunTrust Banks set a $36.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Friday, October 20th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Whiting Petroleum currently has a consensus rating of “Hold” and an average price target of $33.31.

Shares of Whiting Petroleum (NYSE WLL) traded up $1.12 during trading hours on Thursday, hitting $29.72. 6,297,200 shares of the stock traded hands, compared to its average volume of 4,966,654. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $52.32. 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 firm has a market cap of $2,700.00, a P/E ratio of -4.14 and a beta of 3.39.

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

A number of institutional investors have recently added to or reduced their stakes in WLL. Hotchkis & Wiley Capital Management LLC lifted its position in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares during the period. Fine Capital Partners L.P. lifted its position in Whiting Petroleum by 53.7% during the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after purchasing an additional 7,450,722 shares during the period. Dimensional Fund Advisors LP lifted its position in Whiting Petroleum by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after purchasing an additional 4,483,396 shares during the period. Numeric Investors LLC lifted its position in Whiting Petroleum by 163.0% during the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after purchasing an additional 2,997,300 shares during the period. Finally, Schneider Capital Management Corp lifted its position in Whiting Petroleum by 63.7% during the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares during the period.

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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.

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