Whiting Petroleum Corp. (NYSE:WLL) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $9.80 price target on the oil and gas exploration company’s stock. Vetr‘s price objective suggests a potential upside of 12.90% from the company’s previous close.

WLL has been the topic of several other reports. Cantor Fitzgerald reissued a “hold” rating and set a $11.00 target price on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. Wunderlich boosted their target price on shares of Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Citigroup Inc. cut their target price on shares of Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Canaccord Genuity reissued a “buy” rating and set a $13.00 target price on shares of Whiting Petroleum Corp. in a research note on Friday, July 29th. Finally, FBR & Co reissued a “marketperform” rating on shares of Whiting Petroleum Corp. in a research note on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.16.

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

Whiting Petroleum Corp. (NYSE:WLL) opened at 8.68 on Monday. The firm has a 50-day moving average price of $7.98 and a 200 day moving average price of $9.35. The stock’s market capitalization is $2.39 billion. Whiting Petroleum Corp. has a 52-week low of $3.35 and a 52-week high of $20.38.

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

Several hedge funds have recently added to or reduced their stakes in WLL. Investors Capital Advisory Services bought a new stake in Whiting Petroleum Corp. during the second quarter valued at approximately $113,000. Profund Advisors LLC bought a new stake in Whiting Petroleum Corp. during the second quarter valued at approximately $128,000. Baird Financial Group Inc. boosted its stake in Whiting Petroleum Corp. by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock valued at $121,000 after buying an additional 2,000 shares during the period. Sigma Planning Corp boosted its stake in Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock valued at $130,000 after buying an additional 3,471 shares during the period. Finally, Newgate Capital Management LLC bought a new stake in Whiting Petroleum Corp. during the second quarter valued at approximately $137,000. 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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