Whiting Petroleum Corporation (WLL) Given Buy Rating at KeyCorp

KeyCorp reaffirmed their buy rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a report issued on Tuesday. The brokerage currently has a $7.00 price target on the oil and gas exploration company’s stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup Inc. reduced their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating for the company in a research note on Thursday, July 13th. Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the company a buy rating in a research note on Tuesday, July 18th. Stifel Nicolaus reduced their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a hold rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Whiting Petroleum Corporation and gave the company a hold rating in a research note on Friday, June 2nd. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $10.56.

Shares of Whiting Petroleum Corporation (WLL) opened at 4.91 on Tuesday. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39. The stock’s 50 day moving average is $4.60 and its 200-day moving average is $6.72. The company’s market cap is $1.78 billion.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. Whiting Petroleum Corporation’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.70) earnings per share. Equities research analysts forecast that Whiting Petroleum Corporation will post ($0.70) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of WLL. Dimensional Fund Advisors LP increased its stake in shares of Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares during the period. Fine Capital Partners L.P. increased its stake in shares of Whiting Petroleum Corporation by 53.7% in the second quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock worth $117,566,000 after buying an additional 7,450,722 shares during the period. Vanguard Group Inc. increased its stake in shares of Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after buying an additional 6,211,479 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Whiting Petroleum Corporation in the first quarter worth $29,442,000. Finally, Numeric Investors LLC increased its stake in shares of Whiting Petroleum Corporation by 163.0% in the second quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock worth $26,644,000 after buying an additional 2,997,300 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Whiting Petroleum Corporation 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 Corporation (NYSE:WLL)

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