Whiting Petroleum Corporation (NYSE:WLL) had its price target reduced by stock analysts at Citigroup Inc. from $13.00 to $11.00 in a research report issued to clients and investors on Thursday, July 13th. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Citigroup Inc.’s price target would indicate a potential upside of 126.34% from the stock’s previous close.

Several other research firms have also recently weighed in on WLL. Credit Suisse Group reissued a “buy” rating and set a $15.00 price objective on shares of Whiting Petroleum Corporation in a research report on Friday, March 31st. BMO Capital Markets set a $10.00 price objective on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Monday, May 15th. FBR & Co cut their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research report on Wednesday, May 10th. Iberia Capital reissued a “sector perform” rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research report on Friday, May 12th. Finally, UBS AG cut Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $12.00 to $8.00 in a research report on Thursday, March 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corporation has a consensus rating of “Hold” and a consensus target price of $11.28.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 4.86 on Thursday. The firm’s market capitalization is $1.76 billion. Whiting Petroleum Corporation has a 12 month low of $4.80 and a 12 month high of $13.39. The company’s 50 day moving average price is $5.30 and its 200-day moving average price is $8.28.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter in the previous year, the firm earned ($0.70) EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts predict that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Investment Counselors of Maryland LLC increased its position in Whiting Petroleum Corporation by 0.5% in the first quarter. Investment Counselors of Maryland LLC now owns 1,463,867 shares of the oil and gas exploration company’s stock worth $13,848,000 after buying an additional 6,875 shares during the period. Janney Montgomery Scott LLC increased its position in Whiting Petroleum Corporation by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company’s stock worth $241,000 after buying an additional 4,469 shares during the period. B & T Capital Management DBA Alpha Capital Management bought a new position in Whiting Petroleum Corporation during the first quarter worth $303,000. Nationwide Fund Advisors increased its position in Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock worth $421,000 after buying an additional 5,717 shares during the period. Finally, Cypress Capital Management LLC WY increased its position in Whiting Petroleum Corporation by 3,660.0% in the first quarter. Cypress Capital Management LLC WY now owns 75,200 shares of the oil and gas exploration company’s stock worth $711,000 after buying an additional 73,200 shares during the period. 82.63% of the stock is currently owned by institutional investors.

Whiting Petroleum Corporation 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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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