Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a report released on Thursday. They presently have a $33.00 target price on the oil and gas exploration company’s stock. BMO Capital Markets’ price target points to a potential upside of 10.81% from the stock’s current price.

Several other equities analysts have also recently commented on WLL. Imperial Capital began coverage on Whiting Petroleum in a research note on Thursday, September 28th. They set an “in-line” rating and a $24.00 target price for the company. Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 target price on shares of Whiting Petroleum in a research note on Tuesday. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. KeyCorp reiterated a “buy” rating and set a $28.00 target price on shares of Whiting Petroleum in a research note on Tuesday, September 19th. Finally, Barclays reissued a “hold” rating and set a $20.00 price target on shares of Whiting Petroleum in a research report on Sunday, December 24th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.31.

Whiting Petroleum (WLL) traded up $0.06 during trading on Thursday, hitting $29.78. The stock had a trading volume of 4,195,600 shares, compared to its average volume of 5,080,000. The stock has a market cap of $2,700.00, a PE ratio of -4.15 and a beta of 3.39. 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 has a 12 month low of $15.88 and a 12 month high of $52.32.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.88) EPS. equities analysts forecast that Whiting Petroleum will post -2.26 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Equity Partners LLC acquired a new stake in Whiting Petroleum in the second quarter worth $102,000. Shell Asset Management Co. acquired a new stake in Whiting Petroleum in the third quarter worth $1,565,000. Cubist Systematic Strategies LLC acquired a new stake in Whiting Petroleum in the third quarter worth $133,000. First Allied Advisory Services Inc. increased its position in Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares during the period. Finally, Gotham Asset Management LLC increased its position in Whiting Petroleum by 92.9% in the second quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after buying an additional 12,815 shares during the period.

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About Whiting Petroleum

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 (NYSE:WLL)

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