KeyCorp Reiterates “$35.00” Price Target for Whiting Petroleum (WLL)

Whiting Petroleum (NYSE:WLL) received a $35.00 target price from research analysts at KeyCorp in a report released on Sunday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s price objective suggests a potential upside of 13.99% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Cowen set a $35.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a report on Thursday. Mizuho set a $32.00 price objective on shares of Whiting Petroleum and gave the company a “hold” rating in a report on Tuesday, January 16th. Capital One Financial upgraded shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 16th. BMO Capital Markets reiterated a “hold” rating and set a $33.00 price objective on shares of Whiting Petroleum in a report on Thursday, January 11th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 price objective on shares of Whiting Petroleum in a report on Tuesday, January 9th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. Whiting Petroleum has a consensus rating of “Hold” and a consensus target price of $33.89.

Whiting Petroleum (WLL) traded up $0.77 during mid-day trading on Friday, reaching $30.71. 3,334,699 shares of the company traded hands, compared to its average volume of 4,744,285. The firm has a market capitalization of $2,790.00, a price-to-earnings ratio of -4.28 and a beta of 3.39. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a 1-year low of $15.88 and a 1-year high of $49.64.

Whiting Petroleum (NYSE:WLL) last released 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 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 business had revenue of $324.20 million for 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. Whiting Petroleum’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts anticipate that Whiting Petroleum will post -2.25 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of WLL. State of Alaska Department of Revenue bought a new stake in Whiting Petroleum in the 4th quarter worth about $138,000. Phoenix Investment Adviser LLC bought a new stake in Whiting Petroleum in the 4th quarter worth about $457,000. Shell Asset Management Co. bought a new stake in Whiting Petroleum in the 3rd quarter worth about $1,565,000. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum in the 3rd quarter worth about $133,000. Finally, First Allied Advisory Services Inc. grew its position in Whiting Petroleum by 2.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after purchasing an additional 475 shares in the last quarter.

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Whiting Petroleum Company Profile

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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