Morgan Stanley Raises Whiting Petroleum (WLL) Price Target to $22.00

Whiting Petroleum (NYSE:WLL) had its price target raised by Morgan Stanley from $14.40 to $22.00 in a research note issued to investors on Wednesday. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.

A number of other equities research analysts have also recently issued reports on WLL. Imperial Capital assumed coverage on shares of Whiting Petroleum in a report on Thursday, September 28th. They issued an in-line rating and a $24.00 target price on the stock. Cowen set a $35.00 target price on shares of Whiting Petroleum and gave the company a buy rating in a report on Thursday, January 18th. Mizuho set a $32.00 price target on shares of Whiting Petroleum and gave the company a hold rating in a report on Tuesday, January 16th. KeyCorp set a $35.00 price target on shares of Whiting Petroleum and gave the company a buy rating in a report on Sunday, January 21st. Finally, BMO Capital Markets reissued a hold rating and issued a $33.00 price target on shares of Whiting Petroleum in a report on Thursday, January 11th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $34.10.

Shares of Whiting Petroleum (WLL) opened at $29.59 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2,680.00, a PE ratio of -4.12 and a beta of 3.39. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $47.48.

Several large investors have recently made changes to their positions in WLL. Comerica Bank grew its position in shares of Whiting Petroleum by 22.9% during the 2nd quarter. Comerica Bank now owns 35,328 shares of the oil and gas exploration company’s stock worth $176,000 after purchasing an additional 6,584 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Whiting Petroleum by 54.6% during the 2nd quarter. Principal Financial Group Inc. now owns 55,204 shares of the oil and gas exploration company’s stock worth $304,000 after purchasing an additional 19,486 shares in the last quarter. Swiss National Bank grew its position in shares of Whiting Petroleum by 29.0% during the 2nd quarter. Swiss National Bank now owns 604,200 shares of the oil and gas exploration company’s stock worth $3,329,000 after purchasing an additional 135,700 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Whiting Petroleum by 4.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,539,429 shares of the oil and gas exploration company’s stock worth $13,992,000 after purchasing an additional 110,536 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Whiting Petroleum by 27.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,175,742 shares of the oil and gas exploration company’s stock worth $6,478,000 after purchasing an additional 252,045 shares in the last quarter.

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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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