Whiting Petroleum Corp. (NYSE:WLL) has been given a $20.00 target price by stock analysts at SunTrust Banks Inc. in a research note issued on Monday. The firm presently has a a “buy” rating on the oil and gas exploration company’s stock. SunTrust Banks Inc.’s target price would suggest a potential upside of 112.54% from the company’s current price.

Other analysts also recently issued research reports about the company. Goldman Sachs Group Inc. downgraded Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $13.75 to $12.75 in a research note on Wednesday, July 6th. Wunderlich dropped their price objective on Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 28th. Barclays PLC dropped their price objective on Whiting Petroleum Corp. from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $11.00 price target on shares of Whiting Petroleum Corp. in a research note on Wednesday, July 6th. Finally, Morgan Stanley dropped their price target on Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company. Whiting Petroleum Corp. has a consensus rating of “Hold” and a consensus target price of $13.16.

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

Whiting Petroleum Corp. (NYSE:WLL) traded down 3.347% during mid-day trading on Monday, hitting $9.095. The stock had a trading volume of 12,134,595 shares. The stock’s 50-day moving average is $7.83 and its 200 day moving average is $9.35. The company’s market capitalization is $2.50 billion. Whiting Petroleum Corp. has a 52 week low of $3.35 and a 52 week high of $20.77.

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

A number of hedge funds have recently modified their holdings of the stock. Keane Capital Partners LLC purchased a new stake in shares of Whiting Petroleum Corp. during the first quarter worth approximately $838,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Whiting Petroleum Corp. by 81.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,000,000 shares of the oil and gas exploration company’s stock worth $15,960,000 after buying an additional 900,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Whiting Petroleum Corp. by 116.1% in the first quarter. Renaissance Technologies LLC now owns 1,893,076 shares of the oil and gas exploration company’s stock worth $15,107,000 after buying an additional 1,017,014 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Whiting Petroleum Corp. by 19.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,539,100 shares of the oil and gas exploration company’s stock worth $20,262,000 after buying an additional 418,000 shares during the period. Finally, Investec Asset Management North America Inc. boosted its stake in shares of Whiting Petroleum Corp. by 44.1% in the first quarter. Investec Asset Management North America Inc. now owns 302,084 shares of the oil and gas exploration company’s stock worth $2,411,000 after buying an additional 92,401 shares during the period. 77.29% of the stock is currently owned by institutional investors and hedge funds.

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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