Whiting Petroleum Corporation (NYSE:WLL) had its price objective cut by investment analysts at Imperial Capital from $30.00 to $6.00 in a report released on Monday. The firm currently has an “in-line” rating on the oil and gas exploration company’s stock. Imperial Capital’s price objective would indicate a potential downside of 74.51% from the stock’s current price.
Other research analysts have also issued research reports about the company. Cowen and Company restated a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Stifel Nicolaus set a $40.00 target price on Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. KeyCorp restated a “buy” rating and set a $28.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Citigroup Inc. lowered their price target on Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 12th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued 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) opened at $23.54 on Monday. Whiting Petroleum Corporation has a 12-month low of $15.88 and a 12-month 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 announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) 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 business had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same quarter in the previous year, the business earned ($1.88) earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts anticipate that Whiting Petroleum Corporation will post -2.44 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC acquired a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at $102,000. Shell Asset Management Co. acquired a new position in shares of Whiting Petroleum Corporation in the 3rd quarter valued at $1,565,000. Campbell & CO Investment Adviser LLC increased its position in shares of Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 3,988 shares during the period. Palisade Capital Management LLC NJ acquired a new position in shares of Whiting Petroleum Corporation in the 2nd quarter valued at $121,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Whiting Petroleum Corporation in the 3rd quarter valued at $133,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Whiting Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.