Whiting Petroleum Corp. (WLL) Upgraded by Stifel Nicolaus to Buy
Whiting Petroleum Corp. (NYSE:WLL) was upgraded by analysts at Stifel Nicolaus to a “buy” rating in a research report issued on Thursday.
Other equities analysts have also recently issued reports about the company. RBC Capital Markets reiterated a “hold” rating and set a $12.00 price target (up from $10.00) on shares of Whiting Petroleum Corp. in a report on Friday, November 25th. Zacks Investment Research cut Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Cantor Fitzgerald reiterated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday, August 14th. Citigroup Inc. lowered their price target on Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $10.00 target price on shares of Whiting Petroleum Corp. in a report on Friday, November 11th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corp. presently has an average rating of “Hold” and a consensus price target of $12.07.
Whiting Petroleum Corp. (NYSE:WLL) opened at 12.22 on Thursday. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $17.04. The company’s market capitalization is $3.43 billion. The firm has a 50-day moving average of $8.85 and a 200-day moving average of $9.06.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. The business had revenue of $129.23 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. On average, analysts anticipate that Whiting Petroleum Corp. will post ($2.19) earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the stock. Clinton Group Inc. acquired a new stake in Whiting Petroleum Corp. during the third quarter worth $102,000. Moors & Cabot Inc. boosted its position 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 valued at $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc purchased a new position in shares of Whiting Petroleum Corp. during the third quarter valued at about $110,000. Investors Capital Advisory Services purchased a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $113,000. Finally, Comerica Bank boosted its position 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 valued at $116,000 after buying an additional 709 shares in the last quarter. 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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