Capital One Financial upgraded shares of Whiting Petroleum (NYSE:WLL) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat Ratings reports. Capital One Financial also issued estimates for Whiting Petroleum’s Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.04) EPS and Q4 2018 earnings at ($0.02) EPS.

A number of other brokerages have also recently commented on WLL. Zacks Investment Research upgraded Whiting Petroleum from a hold rating to a buy rating and set a $24.00 price target for the company in a research note on Thursday, October 12th. Cowen reiterated a buy rating and issued a $32.00 price target on shares of Whiting Petroleum in a research note on Friday, November 10th. Barclays increased their price target on Whiting Petroleum from $5.00 to $19.00 and gave the company an equal weight rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 price objective on Whiting Petroleum and gave the company a sell rating in a report on Thursday, October 26th. Finally, Piper Jaffray Companies restated a hold rating and issued a $40.00 price objective on shares of Whiting Petroleum in a report on Tuesday, January 9th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. Whiting Petroleum has an average rating of Hold and an average target price of $33.64.

Whiting Petroleum (WLL) opened at $29.93 on Tuesday. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $49.64. The company has a market capitalization of $2,710.00, a price-to-earnings ratio of -4.17 and a beta of 3.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same period in the prior year, the company earned ($1.88) EPS. Whiting Petroleum’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Whiting Petroleum will post -2.25 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of WLL. Hotchkis & Wiley Capital Management LLC grew its holdings in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after acquiring an additional 8,737,870 shares during the period. Fine Capital Partners L.P. grew its holdings in Whiting Petroleum by 53.7% during 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. Dimensional Fund Advisors LP grew its holdings in Whiting Petroleum by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after acquiring an additional 4,483,396 shares during the period. Numeric Investors LLC grew its holdings in Whiting Petroleum by 163.0% during 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. Finally, Schneider Capital Management Corp grew its holdings in Whiting Petroleum by 63.7% during the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after acquiring an additional 2,230,237 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Whiting Petroleum (WLL) Upgraded to “Overweight” by Capital One Financial” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/20/whiting-petroleum-wll-upgraded-to-overweight-by-capital-one-financial.html.

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)

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.