Whiting Petroleum Corp. (WLL) Stock Rating Reaffirmed by RBC Capital Markets
Whiting Petroleum Corp. (NYSE:WLL)‘s stock had its “hold” rating restated by investment analysts at RBC Capital Markets in a report issued on Friday. They presently have a $12.00 target price on the oil and gas exploration company’s stock, up from their previous target price of $10.00. RBC Capital Markets’ target price indicates a potential upside of 19.28% from the company’s current price.
A number of other equities research analysts have also recently commented on WLL. Morgan Stanley reduced their target price on shares of Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Wunderlich upped their target price on shares of Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a report on Friday, July 29th. Barclays PLC reduced their target price on shares of Whiting Petroleum Corp. from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $12.00 target price (down from $14.00) on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.07.
Whiting Petroleum Corp. (NYSE:WLL) opened at 9.68 on Friday. The firm’s market capitalization is $2.71 billion. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $17.04. The stock’s 50 day moving average price is $8.85 and its 200 day moving average price is $9.06.
Whiting Petroleum Corp. (NYSE:WLL) last announced its 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 net margin of 106.77% and a negative return on equity of 11.83%. The business earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. During the same period in the previous year, the company posted ($0.17) earnings per share. Whiting Petroleum Corp.’s quarterly revenue was down 74.6% on a year-over-year basis. Analysts expect that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the company. Clinton Group Inc. purchased a new stake in shares of Whiting Petroleum Corp. during the third quarter worth about $102,000. Moors & Cabot Inc. raised 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 period. Investors Capital Advisory Services purchased a new stake in shares of Whiting Petroleum Corp. during the second quarter worth about $113,000. World Asset Management Inc purchased a new stake in shares of Whiting Petroleum Corp. during the third quarter worth about $110,000. Finally, Profund Advisors LLC purchased a new stake in shares of Whiting Petroleum Corp. during the second quarter worth about $128,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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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