Whiting Petroleum Corporation (NYSE:WLL) had its target price lifted by equities research analysts at Robert W. Baird from $32.00 to $34.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. Robert W. Baird’s target price would indicate a potential upside of 26.54% from the stock’s current price.
Several other brokerages have also weighed in on WLL. ValuEngine upgraded Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. J P Morgan Chase & Co lowered their price objective on Whiting Petroleum Corporation from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Imperial Capital assumed coverage on Whiting Petroleum Corporation in a research report on Thursday, September 28th. They set an “in-line” rating and a $24.00 price target for the company. Stifel Nicolaus set a $40.00 price target on Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Cowen and Company set a $32.00 price target on Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.45.
Whiting Petroleum Corporation (WLL) traded down $1.03 during mid-day trading on Friday, hitting $26.87. The stock had a trading volume of 1,769,326 shares, compared to its average volume of 4,599,502. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corporation has a 1-year low of $15.88 and a 1-year high of $53.56.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.88) earnings per share. equities research analysts predict that Whiting Petroleum Corporation will post -0.6 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fine Capital Partners L.P. boosted its holdings in Whiting Petroleum Corporation by 53.7% in 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whiting Petroleum Corporation by 21.0% in 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 in the last quarter. Numeric Investors LLC boosted its holdings in Whiting Petroleum Corporation by 163.0% in 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 in the last quarter. Schneider Capital Management Corp boosted its holdings in Whiting Petroleum Corporation by 63.7% in 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 in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in Whiting Petroleum Corporation in the 2nd quarter valued at approximately $8,265,000. 84.05% of the stock is currently owned by hedge funds and other 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.
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