Whiting Petroleum (NYSE:WLL) had its price objective lowered by Citigroup from $45.00 to $40.00 in a report published on Tuesday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

WLL has been the topic of a number of other research reports. JPMorgan Chase & Co. set a $26.00 target price on Whiting Petroleum and gave the company a hold rating in a report on Friday, December 7th. Zacks Investment Research raised Whiting Petroleum from a sell rating to a hold rating in a report on Saturday, February 9th. ValuEngine downgraded Whiting Petroleum from a hold rating to a sell rating in a report on Saturday, February 23rd. Robert W. Baird set a $30.00 target price on Whiting Petroleum and gave the company a buy rating in a report on Friday, February 8th. Finally, KeyCorp started coverage on Whiting Petroleum in a report on Tuesday, February 12th. They issued an overweight rating and a $33.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $49.44.

Shares of WLL stock opened at $25.21 on Tuesday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 11.56 and a beta of 2.94. Whiting Petroleum has a fifty-two week low of $18.37 and a fifty-two week high of $56.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.58). The business had revenue of $473.20 million during the quarter, compared to analyst estimates of $484.96 million. Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. On average, analysts forecast that Whiting Petroleum will post 1.05 earnings per share for the current year.

In related news, Director Philip Edward Doty sold 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.62, for a total transaction of $61,550.00. Following the completion of the transaction, the director now directly owns 16,822 shares of the company’s stock, valued at approximately $414,157.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. NuWave Investment Management LLC raised its position in Whiting Petroleum by 217.9% during the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 915 shares during the last quarter. Rational Advisors LLC raised its position in Whiting Petroleum by 808.2% during the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,188 shares during the last quarter. Ffcm LLC raised its position in Whiting Petroleum by 72.2% during the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 570 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Whiting Petroleum by 240.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock worth $172,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Whiting Petroleum during the 4th quarter worth $87,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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