Whiting Petroleum Corporation (WLL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Whiting Petroleum Corporation (NYSE:WLL) have been given an average recommendation of “Hold” by the thirty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.11.
Several equities analysts recently weighed in on WLL shares. Cowen and Company reiterated a “buy” rating and issued a $32.00 price target on shares of Whiting Petroleum Corporation in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, October 12th. Morgan Stanley set a $16.00 price target on shares of Whiting Petroleum Corporation and gave the stock a “sell” rating in a report on Thursday, October 26th. Barclays PLC set a $20.00 price target on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets set a $24.00 price target on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, October 10th.
Institutional investors and hedge funds have recently modified their holdings of the business. Chicago Equity Partners LLC acquired a new stake in shares of Whiting Petroleum Corporation in the 2nd quarter worth $102,000. Campbell & CO Investment Adviser LLC increased its position in shares of Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after purchasing an additional 3,988 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new stake in shares of Whiting Petroleum Corporation during the 2nd quarter worth about $121,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Whiting Petroleum Corporation during the 3rd quarter worth about $133,000. Finally, Private Capital Management Inc. increased its position in shares of Whiting Petroleum Corporation by 25.0% during the 2nd quarter. Private Capital Management Inc. now owns 25,000 shares of the oil and gas exploration company’s stock worth $138,000 after purchasing an additional 5,000 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Whiting Petroleum Corporation (WLL) traded down $0.85 on Thursday, hitting $22.69. 8,122,500 shares of the stock traded hands, compared to its average volume of 4,681,781. Whiting Petroleum Corporation has a 12-month low of $15.88 and a 12-month high of $53.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same quarter in the prior year, the company posted ($1.88) earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts anticipate that Whiting Petroleum Corporation will post -2.44 earnings per share for the current fiscal year.
About Whiting Petroleum Corporation
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.
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