Whiting Petroleum Corporation (NYSE:WLL) had its price target cut by Piper Jaffray Companies from $10.00 to $7.00 in a report published on Monday. They currently have a neutral rating on the oil and gas exploration company’s stock.

A number of other analysts have also issued reports on WLL. BMO Capital Markets reiterated a hold rating on shares of Whiting Petroleum Corporation in a research note on Wednesday, August 2nd. Cowen and Company reiterated a buy rating and set a $8.00 price objective on shares of Whiting Petroleum Corporation in a research note on Sunday. Stifel Nicolaus dropped their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating on the stock in a research note on Thursday, July 27th. Macquarie lowered shares of Whiting Petroleum Corporation from an outperform rating to a neutral rating and lifted their price objective for the company from $5.30 to $5.70 in a research note on Wednesday, June 21st. Finally, Morgan Stanley lowered shares of Whiting Petroleum Corporation from an equal weight rating to an underweight rating and dropped their price objective for the company from $5.00 to $3.50 in a research note on Tuesday, September 12th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $10.56.

Whiting Petroleum Corporation (NYSE:WLL) opened at 5.19 on Monday. The firm’s market cap is $1.88 billion. The firm’s 50-day moving average is $4.60 and its 200 day moving average is $6.72. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The company had revenue of $311.50 million for the quarter, compared to analyst estimates of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.70) earnings per share. Equities research analysts predict that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Whiting Petroleum Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock worth $18,985,000 after purchasing an additional 77,223 shares during the period. Stephens Inc. AR acquired a new stake in Whiting Petroleum Corporation in the first quarter worth about $790,000. Teacher Retirement System of Texas lifted its holdings in Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after purchasing an additional 487 shares during the period. Wellington Management Group LLP lifted its holdings in Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after purchasing an additional 617,558 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Whiting Petroleum Corporation by 95.8% in the first 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. 84.06% of the stock is owned by institutional investors and hedge funds.

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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