Whiting Petroleum Corp. (WLL) PT Raised to $12.00
Whiting Petroleum Corp. (NYSE:WLL) had its price objective boosted by Royal Bank Of Canada from $10.00 to $12.00 in a note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 19.28% from the stock’s previous close.
WLL has been the topic of a number of other reports. FBR & Co started coverage on shares of Whiting Petroleum Corp. in a research report on Tuesday, September 13th. They set a “market perform” rating and a $8.00 price target on the stock. Mizuho started coverage on shares of Whiting Petroleum Corp. in a report on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 target price on the stock. Raymond James Financial Inc. upgraded shares of Whiting Petroleum Corp. from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from $16.00 to $14.00 in a report on Friday, October 28th. Canaccord Genuity set a $14.00 target price on shares of Whiting Petroleum Corp. and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Finally, SunTrust Banks Inc. set a $20.00 target price on shares of Whiting Petroleum Corp. and gave the stock a “buy” rating in a report on Monday, October 10th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.07.
Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 9.68 on Friday. The company’s 50-day moving average is $8.85 and its 200-day moving average is $9.06. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $17.04. The firm’s market cap is $2.71 billion.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The company had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. During the same quarter last year, the firm posted ($0.17) earnings per share. The firm’s quarterly revenue was down 74.6% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corp. will post ($2.19) earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Clinton Group Inc. purchased a new stake in shares of Whiting Petroleum Corp. during the third quarter worth $102,000. Moors & Cabot Inc. boosted its stake in shares of Whiting Petroleum Corp. by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 323 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Whiting Petroleum Corp. during the third quarter worth $110,000. Investors Capital Advisory Services purchased a new stake in shares of Whiting Petroleum Corp. during the second quarter worth $113,000. Finally, Comerica Bank boosted its stake in shares of Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
About Whiting Petroleum Corp.
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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