Whiting Petroleum Corp (WLL) Stock Rating Reaffirmed by Barclays PLC

Whiting Petroleum Corp (NYSE:WLL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued on Thursday, April 20th. They presently have a $10.00 price target on the oil and gas exploration company’s stock. Barclays PLC’s target price would suggest a potential upside of 12.74% from the stock’s previous close.

Other research analysts have also issued reports about the stock. KLR Group reaffirmed a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Whiting Petroleum Corp in a report on Friday, February 24th. Canaccord Genuity reissued a “buy” rating and set a $14.00 target price on shares of Whiting Petroleum Corp in a research note on Thursday, February 23rd. Vetr lowered shares of Whiting Petroleum Corp from a “strong-buy” rating to a “buy” rating and set a $14.01 target price for the company. in a research note on Tuesday, January 3rd. R. F. Lafferty began coverage on shares of Whiting Petroleum Corp in a research note on Wednesday, December 21st. They set a “buy” rating and a $23.00 target price for the company. Finally, Scotiabank set a $16.00 target price on shares of Whiting Petroleum Corp and gave the company a “buy” rating in a research note on Monday, March 27th. Fifteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Whiting Petroleum Corp currently has an average rating of “Buy” and an average target price of $12.73.

Analyst Recommendations for Whiting Petroleum Corp (NYSE:WLL)

Shares of Whiting Petroleum Corp (NYSE:WLL) opened at 8.87 on Thursday. Whiting Petroleum Corp has a 52-week low of $6.38 and a 52-week high of $14.44. The stock has a 50 day moving average price of $8.65 and a 200-day moving average price of $10.21. The firm’s market cap is $3.22 billion.

Whiting Petroleum Corp (NYSE:WLL) last posted its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. The business had revenue of $371.30 million during the quarter, compared to analyst estimates of $359.28 million. During the same period in the previous year, the business posted ($0.85) EPS. The company’s quarterly revenue was up 28.2% on a year-over-year basis. On average, equities analysts anticipate that Whiting Petroleum Corp will post ($0.50) EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Moors & Cabot Inc. increased its stake in Whiting Petroleum Corp by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc increased its stake in Whiting Petroleum Corp by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 570 shares in the last quarter. Keybank National Association OH purchased a new stake in Whiting Petroleum Corp during the fourth quarter valued at about $121,000. Bienville Capital Management LLC increased its stake in Whiting Petroleum Corp by 1.0% in the fourth quarter. Bienville Capital Management LLC now owns 10,398 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 107 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Whiting Petroleum Corp by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

About Whiting Petroleum Corp

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.

12 Month Chart for NYSE:WLL

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