Whiting Petroleum Corporation (NYSE:WLL) had its target price decreased by Imperial Capital from $30.00 to $6.00 in a report issued on Monday morning. Imperial Capital currently has an in-line rating on the oil and gas exploration company’s stock.
Other equities research analysts also recently issued research reports about the company. Cowen and Company reiterated a buy rating and issued a $32.00 price objective on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Stifel Nicolaus set a $40.00 price objective on Whiting Petroleum Corporation and gave the stock a buy rating in a research report on Thursday, October 5th. KeyCorp reiterated a buy rating and issued a $28.00 price objective on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Citigroup Inc. lowered their price objective on Whiting Petroleum Corporation from $44.00 to $32.00 and set a buy rating on the stock in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded Whiting Petroleum Corporation from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Thursday, October 12th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $36.65.
Whiting Petroleum Corporation (NYSE WLL) traded up $0.13 during trading on Monday, hitting $25.87. The stock had a trading volume of 6,693,700 shares, compared to its average volume of 4,655,280. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same period last year, the company earned ($1.88) earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts anticipate that Whiting Petroleum Corporation will post -2.41 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Equity Partners LLC purchased a new stake in Whiting Petroleum Corporation during the 2nd quarter valued at $102,000. Shell Asset Management Co. purchased a new stake in Whiting Petroleum Corporation during the 3rd quarter valued at $1,565,000. Campbell & CO Investment Adviser LLC raised its stake in Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 3,988 shares during the last quarter. Palisade Capital Management LLC NJ purchased a new stake in Whiting Petroleum Corporation during the 2nd quarter valued at $121,000. Finally, First Allied Advisory Services Inc. raised its stake in Whiting Petroleum Corporation by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
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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