Whiting Petroleum Corp (WLL) Upgraded to Buy by Vetr Inc.
Whiting Petroleum Corp (NYSE:WLL) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $13.63 target price on the oil and gas exploration company’s stock. Vetr‘s price objective indicates a potential upside of 9.30% from the stock’s current price.
Several hedge funds and institutional investors have recently made changes to their positions in WLL. Squarepoint Ops LLC purchased a new position in shares of Whiting Petroleum Corp during the first quarter worth $157,000. M&T Bank Corp purchased a new position in shares of Whiting Petroleum Corp during the first quarter worth $158,000. Lorber David A purchased a new position in shares of Whiting Petroleum Corp during the first quarter worth $199,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Whiting Petroleum Corp during the first quarter worth $258,000. Finally, Commonwealth Equity Services Inc raised its position in shares of Whiting Petroleum Corp by 12.2% in the first quarter. Commonwealth Equity Services Inc now owns 49,088 shares of the oil and gas exploration company’s stock worth $392,000 after buying an additional 5,347 shares in the last quarter.
In other Whiting Petroleum Corp news, CEO James J. Volker bought 10,000 shares of Whiting Petroleum Corp stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average cost of $10.30 per share, with a total value of $103,000.00. Following the transaction, the chief executive officer now directly owns 629,514 shares of the company’s stock, valued at approximately $6,483,994.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Whiting Petroleum Corp (NYSE:WLL) traded down 1.66% during midday trading on Thursday, hitting $12.47. 19,369,162 shares of the stock were exchanged. Whiting Petroleum Corp has a 1-year low of $3.35 and a 1-year high of $36.39. The company’s 50 day moving average is $10.92 and its 200 day moving average is $9.62. The company’s market capitalization is $2.55 billion.
Whiting Petroleum Corp (NYSE:WLL) last announced its earnings results on Wednesday, April 27th. The oil and gas exploration company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by $0.13. The business earned $292 million during the quarter, compared to analyst estimates of $346.78 million. During the same quarter last year, the firm earned ($0.23) earnings per share. The business’s revenue was down 44.8% on a year-over-year basis. Analysts predict that Whiting Petroleum Corp will post ($2.27) earnings per share for the current fiscal year.
Several other research analysts have also recently issued reports on WLL. Wolfe Research cut Whiting Petroleum Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, January 27th. Wunderlich cut Whiting Petroleum Corp from a “buy” rating to a “hold” rating and dropped their target price for the stock from $30.00 to $7.00 in a research report on Thursday, January 28th. Barclays dropped their target price on Whiting Petroleum Corp from $26.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 28th. Stifel Nicolaus cut Whiting Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 3rd. They noted that the move was a valuation call. Finally, Deutsche Bank raised their target price on Whiting Petroleum Corp from $6.00 to $7.00 in a research report on Wednesday, February 3rd. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.86.
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.
To view Vetr’s full report, visit Vetr’s official website.