Whiting Petroleum Corporation (NYSE:WLL) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Tuesday.

Several other brokerages also recently weighed in on WLL. BMO Capital Markets set a $10.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) downgraded shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their target price for the stock from $11.50 to $7.25 in a research note on Tuesday, May 30th. Credit Suisse Group downgraded shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Thursday, June 1st. BidaskClub raised shares of Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $12.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a research note on Friday, June 2nd. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.28.

Shares of Whiting Petroleum Corporation (NYSE WLL) traded up 8.03% during trading on Tuesday, reaching $4.44. 26,854,924 shares of the company traded hands. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The company’s market capitalization is $1.61 billion. The firm’s 50 day moving average price is $4.67 and its 200-day moving average price is $6.99.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results 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 net margin of 88.27% and a negative return on equity of 6.77%. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. During the same period in the prior year, the firm earned ($0.70) EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities analysts anticipate that Whiting Petroleum Corporation will post ($0.70) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of WLL. Dimensional Fund Advisors LP boosted its stake in Whiting Petroleum Corporation by 95.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after purchasing an additional 10,428,144 shares during the period. Fine Capital Partners L.P. lifted its stake in shares of Whiting Petroleum Corporation by 53.7% in the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock worth $117,566,000 after acquiring an additional 7,450,722 shares during the period. Vanguard Group Inc. lifted its stake in shares of Whiting Petroleum Corporation by 28.6% in the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after acquiring an additional 6,211,479 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Whiting Petroleum Corporation in the 1st quarter worth $29,442,000. Finally, Numeric Investors LLC lifted its stake in shares of Whiting Petroleum Corporation by 163.0% in the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock worth $26,644,000 after acquiring an additional 2,997,300 shares during the period. Hedge funds and other institutional investors own 83.96% of the company’s stock.

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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