Whiting Petroleum Corp. (NYSE:WLL) had its price objective lifted by equities research analysts at KeyCorp from $12.00 to $15.00 in a research note issued to investors on Tuesday. The firm presently has an “overweight” rating on the oil and gas exploration company’s stock. KeyCorp’s target price indicates a potential upside of 45.21% from the stock’s current price.

WLL has been the subject of several other reports. Cantor Fitzgerald reissued a “hold” rating and issued a $11.00 price target on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. KLR Group upped their price objective on shares of Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, October 31st. Vetr downgraded shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price objective for the company. in a research note on Monday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 price objective on shares of Whiting Petroleum Corp. in a research note on Thursday, October 27th. Finally, Wunderlich upped their price objective 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. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corp. currently has an average rating of “Hold” and an average target price of $12.07.

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

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 10.33 on Tuesday. Whiting Petroleum Corp. has a 52 week low of $3.35 and a 52 week high of $17.04. The firm’s market capitalization is $2.90 billion. The stock has a 50 day moving average price of $8.81 and a 200 day moving average price of $9.09.

Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.07. The business earned $129.23 million during the quarter, compared to the consensus estimate of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s revenue for the quarter was down 74.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) earnings per share. Analysts forecast that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Whiting Petroleum Corp. by 8.7% in the third quarter. LPL Financial LLC now owns 27,435 shares of the oil and gas exploration company’s stock worth $233,000 after buying an additional 2,192 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Whiting Petroleum Corp. during the third quarter worth approximately $608,000. Penn Capital Management Co. Inc. acquired a new position in shares of Whiting Petroleum Corp. during the third quarter worth approximately $288,000. Verition Fund Management LLC boosted its position in shares of Whiting Petroleum Corp. by 837.6% in the third quarter. Verition Fund Management LLC now owns 32,300 shares of the oil and gas exploration company’s stock worth $282,000 after buying an additional 28,855 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Whiting Petroleum Corp. by 80.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 263,175 shares of the oil and gas exploration company’s stock worth $2,300,000 after buying an additional 117,400 shares during the last quarter. 74.21% of the stock is owned by institutional investors and hedge funds.

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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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