UBS Group Begins Coverage on Whiting Petroleum (WLL)
UBS Group initiated coverage on shares of Whiting Petroleum (NYSE:WLL) in a report released on Wednesday morning, www.benzinga.com reports. The brokerage issued a neutral rating and a $32.00 price target on the oil and gas exploration company’s stock.
Other research analysts also recently issued reports about the stock. Credit Suisse Group began coverage on shares of Whiting Petroleum in a research report on Monday, December 11th. They issued a neutral rating and a $29.00 target price on the stock. Jefferies Group set a $29.00 target price on shares of Whiting Petroleum and gave the stock a hold rating in a research report on Tuesday, January 30th. Goldman Sachs Group raised shares of Whiting Petroleum from a sell rating to a neutral rating in a research report on Thursday, February 1st. Barclays lifted their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an equal weight rating in a research report on Monday, November 20th. Finally, ValuEngine downgraded shares of Whiting Petroleum from a sell rating to a strong sell rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $33.70.
Whiting Petroleum (NYSE:WLL) opened at $29.81 on Wednesday. The firm has a market cap of $2,870.00, a P/E ratio of -2.33, a PEG ratio of 4.21 and a beta of 3.17. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.71. Whiting Petroleum has a 1 year low of $15.88 and a 1 year high of $41.48.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the sale, the vice president now directly owns 37,122 shares in the company, valued at $1,030,877.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Whiting Petroleum in the fourth quarter valued at approximately $138,000. First Allied Advisory Services Inc. lifted its stake in Whiting Petroleum by 24.5% in the third quarter. First Allied Advisory Services Inc. now owns 30,619 shares of the oil and gas exploration company’s stock valued at $170,000 after acquiring an additional 6,034 shares during the last quarter. National Planning Corp lifted its stake in Whiting Petroleum by 10.4% in the third quarter. National Planning Corp now owns 86,175 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 8,150 shares during the last quarter. Aveo Capital Partners LLC acquired a new stake in Whiting Petroleum in the fourth quarter valued at approximately $306,000. Finally, Legal & General Group Plc lifted its stake in Whiting Petroleum by 2.8% in the third quarter. Legal & General Group Plc now owns 567,017 shares of the oil and gas exploration company’s stock valued at $3,097,000 after acquiring an additional 15,264 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.
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Whiting Petroleum 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.
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