Mizuho started coverage on shares of Whiting Petroleum Corp. (NYSE:WLL) in a research note published on Wednesday. The brokerage issued a neutral rating and a $9.00 price target on the oil and gas exploration company’s stock.

Several other equities research analysts have also weighed in on the company. FBR & Co restated a marketperform rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Canaccord Genuity restated a buy rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Wunderlich boosted their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a hold rating in a report on Friday, July 29th. Cantor Fitzgerald restated a hold rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a report on Tuesday, July 26th. Finally, Vetr lowered Whiting Petroleum Corp. from a strong-buy rating to a buy rating and set a $9.80 target price for the company. in a report on Monday. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. Whiting Petroleum Corp. presently has an average rating of Hold and an average price target of $13.09.

Analyst Recommendations for Whiting Petroleum Corp. (NYSE:WLL)

Shares of Whiting Petroleum Corp. (NYSE:WLL) traded up 0.90% during mid-day trading on Wednesday, reaching $8.98. 16,573,224 shares of the company’s stock traded hands. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $22.80. The company’s market capitalization is $2.47 billion. The firm has a 50-day moving average price of $7.74 and a 200-day moving average price of $9.31.

Whiting Petroleum Corp. (NYSE:WLL) last posted its earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. The company earned $339.58 million during the quarter, compared to analyst estimates of $374.83 million. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was down 42.4% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WLL. Utah Retirement Systems increased its position in Whiting Petroleum Corp. by 0.3% in the second quarter. Utah Retirement Systems now owns 36,683 shares of the oil and gas exploration company’s stock worth $340,000 after buying an additional 100 shares in the last quarter. Putnam FL Investment Management Co. increased its position in Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock worth $174,000 after buying an additional 200 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Whiting Petroleum Corp. by 0.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 71,286 shares of the oil and gas exploration company’s stock worth $660,000 after buying an additional 579 shares in the last quarter. Comerica Bank increased its position in Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares in the last quarter. Finally, Investment Centers of America Inc. increased its position in Whiting Petroleum Corp. by 2.6% in the second quarter. Investment Centers of America Inc. now owns 28,472 shares of the oil and gas exploration company’s stock worth $262,000 after buying an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.

Whiting Petroleum Corp. 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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