Whiting Petroleum Corp. (WLL) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Whiting Petroleum Corp. (NYSE:WLL)‘s stock had its “hold” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They presently have a $10.00 target price on the oil and gas exploration company’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 14.42% from the company’s current price.
A number of other research firms have also issued reports on WLL. SunTrust Banks Inc. set a $20.00 price objective on Whiting Petroleum Corp. and gave the company a “buy” rating in a research note on Monday, October 10th. Vetr lowered Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price objective on the stock. in a research note on Monday, October 3rd. Mizuho assumed coverage on Whiting Petroleum Corp. in a research note on Wednesday, October 5th. They set a “neutral” rating and a $9.00 price objective on the stock. KLR Group boosted their price objective on Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, October 31st. Finally, Nomura restated a “hold” rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a research note on Monday, October 3rd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corp. presently has a consensus rating of “Hold” and an average target price of $12.00.
Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 8.74 on Friday. The firm’s market capitalization is $2.45 billion. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $17.84. The company has a 50-day moving average price of $8.54 and a 200 day moving average price of $9.13.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative net margin of 106.77% and a negative return on equity of 11.83%. The company had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was down 74.6% compared to the same quarter last year. On average, equities research analysts predict that Whiting Petroleum Corp. will post ($2.18) EPS for the current year.
Several hedge funds have recently bought and sold shares of WLL. Papp L Roy & Associates purchased a new position in Whiting Petroleum Corp. during the second quarter worth about $186,000. Cheyne Capital Management UK LLP increased its position in Whiting Petroleum Corp. by 31.1% in the second quarter. Cheyne Capital Management UK LLP now owns 90,000 shares of the oil and gas exploration company’s stock worth $832,000 after buying an additional 21,363 shares during the period. Sigma Planning Corp increased its position 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 worth $130,000 after buying an additional 3,471 shares during the period. Fox Run Management L.L.C. purchased a new position in Whiting Petroleum Corp. during the second quarter worth about $144,000. Finally, Cedar Hill Associates LLC increased its position in Whiting Petroleum Corp. by 0.9% in the second quarter. Cedar Hill Associates LLC now owns 104,800 shares of the oil and gas exploration company’s stock worth $970,000 after buying an additional 975 shares during the period. 75.12% of the stock is 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.
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