Whiting Petroleum Corp (NYSE:WLL) Receives Average Recommendation of “Buy” from Analysts

Shares of Whiting Petroleum Corp (NYSE:WLL) have been given an average recommendation of “Buy” by the twenty-four analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $45.48.

A number of research analysts have recently commented on WLL shares. Bank of America set a $37.00 target price on Whiting Petroleum and gave the company a “buy” rating in a research note on Thursday, May 2nd. Citigroup cut their target price on Whiting Petroleum from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, March 12th. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, April 4th. MKM Partners started coverage on Whiting Petroleum in a research note on Thursday, June 6th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Morgan Stanley cut Whiting Petroleum from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $28.00 to $31.00 in a research note on Friday, April 12th.

NYSE WLL traded down $0.61 during trading hours on Friday, hitting $16.08. 96,098 shares of the company were exchanged, compared to its average volume of 4,839,758. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58. Whiting Petroleum has a 52 week low of $16.05 and a 52 week high of $56.47. The stock has a market capitalization of $1.50 billion, a P/E ratio of 7.38 and a beta of 3.06.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The company had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 24.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Whiting Petroleum will post 1.52 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in WLL. Norges Bank purchased a new stake in shares of Whiting Petroleum in the fourth quarter valued at approximately $23,869,000. Deutsche Bank AG boosted its holdings in shares of Whiting Petroleum by 71.3% in the fourth quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock valued at $57,280,000 after purchasing an additional 1,051,214 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Whiting Petroleum by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,788,820 shares of the oil and gas exploration company’s stock valued at $151,320,000 after purchasing an additional 1,036,207 shares during the period. Natixis purchased a new stake in shares of Whiting Petroleum in the first quarter valued at approximately $24,803,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Whiting Petroleum by 190.1% in the first quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock valued at $29,644,000 after purchasing an additional 743,087 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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