Whiting Petroleum (NYSE:WLL) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday, ValuEngine reports.

WLL has been the topic of several other reports. Capital One Financial raised Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 20th. Wells Fargo & Co dropped their price objective on Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Zacks Investment Research raised Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Ifs Securities reissued an “outperform” rating on shares of Whiting Petroleum in a report on Sunday, February 3rd. Finally, Morgan Stanley set a $43.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.24.

Whiting Petroleum stock opened at $27.43 on Thursday. The stock has a market cap of $2.52 billion, a P/E ratio of 12.58 and a beta of 2.95. Whiting Petroleum has a 52 week low of $18.37 and a 52 week high of $56.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.65.

Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The company had revenue of $473.20 million for the quarter, compared to analyst estimates of $484.96 million. During the same period last year, the business earned ($0.17) earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Research analysts anticipate that Whiting Petroleum will post 1.53 earnings per share for the current fiscal year.

In other news, Director Philip Edward Doty sold 2,500 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the sale, the director now directly owns 16,822 shares of the company’s stock, valued at $414,157.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Hagist sold 5,000 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares in the company, valued at $1,106,596.70. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of WLL. NuWave Investment Management LLC boosted its stake in shares of Whiting Petroleum by 217.9% in the fourth quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 915 shares during the last quarter. Rational Advisors LLC lifted its position in Whiting Petroleum by 808.2% during the fourth quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,188 shares in the last quarter. Ffcm LLC lifted its position in Whiting Petroleum by 72.2% during the fourth quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after buying an additional 570 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Whiting Petroleum by 78.8% during the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after buying an additional 979 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Whiting Petroleum during the fourth quarter worth approximately $87,000. 98.79% of the stock is currently owned by hedge funds and other institutional investors.

About Whiting Petroleum

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.

See Also: Net Income

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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