Brokerages Set Whiting Petroleum Corp (WLL) Price Target at $36.69

Whiting Petroleum Corp (NYSE:WLL) has been assigned an average rating of “Hold” from the thirty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $34.18.

A number of brokerages recently issued reports on WLL. R. F. Lafferty reissued a “hold” rating and set a $28.00 price objective on shares of Whiting Petroleum in a report on Tuesday. Credit Suisse Group began coverage on Whiting Petroleum in a report on Monday, December 11th. They set a “neutral” rating and a $29.00 price objective on the stock. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Mizuho set a $26.00 target price on Whiting Petroleum and gave the stock a “hold” rating in a research note on Friday, November 24th. Finally, KeyCorp restated a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum in a research note on Friday, November 24th.

Shares of Whiting Petroleum (WLL) traded down $0.06 on Monday, reaching $22.33. The company had a trading volume of 4,758,122 shares, compared to its average volume of 5,663,240. 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 has a twelve month low of $15.88 and a twelve month high of $53.48.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data 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. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.88) EPS. research analysts expect that Whiting Petroleum will post -2.36 EPS for the current year.

Several institutional investors have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC increased its position in shares of 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 last quarter. Fine Capital Partners L.P. increased its position in shares of 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. Numeric Investors LLC increased its position in shares of 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 last quarter. Finally, Schneider Capital Management Corp increased its position in shares of 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 last quarter.

TRADEMARK VIOLATION NOTICE: “Brokerages Set Whiting Petroleum Corp (WLL) Price Target at $36.69” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://weekherald.com/2017/12/16/brokerages-set-whiting-petroleum-corp-wll-price-target-at-36-69.html.

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)

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply