Whiting Petroleum Corporation (NYSE:WLL) PT Lowered to $28.00

Whiting Petroleum Corporation (NYSE:WLL) had its target price reduced by J P Morgan Chase & Co from $32.00 to $28.00 in a research note released on Wednesday, November 1st. They currently have a neutral rating on the oil and gas exploration company’s stock.

Several other equities analysts also recently weighed in on WLL. Stifel Nicolaus lowered their price target on shares of Whiting Petroleum Corporation from $48.00 to $46.00 and set a buy rating on the stock in a report on Thursday, July 27th. Citigroup Inc. lowered their target price on shares of Whiting Petroleum Corporation from $44.00 to $32.00 and set a buy rating on the stock in a report on Friday, July 21st. Cowen and Company set a $32.00 target price on shares of Whiting Petroleum Corporation and gave the stock a buy rating in a report on Tuesday, July 18th. KeyCorp reissued a buy rating and issued a $28.00 target price on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Finally, Zacks Investment Research raised shares of Whiting Petroleum Corporation from a hold rating to a buy rating and set a $24.00 target price on the stock in a report on Thursday, October 12th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $36.62.

Shares of Whiting Petroleum Corporation (NYSE:WLL) traded down $1.22 during mid-day trading on Wednesday, hitting $21.80. 6,668,026 shares of the stock were exchanged, compared to its average volume of 4,700,945. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.88) earnings per share. equities research analysts anticipate that Whiting Petroleum Corporation will post -2.43 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Gotham Asset Management LLC raised its holdings in shares of Whiting Petroleum Corporation by 22.8% during the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after acquiring an additional 2,566 shares during the period. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at about $102,000. Shell Asset Management Co. acquired a new position in Whiting Petroleum Corporation in the 3rd quarter valued at about $1,565,000. Campbell & CO Investment Adviser LLC grew its position in Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 3,988 shares in the last quarter. Finally, Palisade Capital Management LLC NJ acquired a new position in Whiting Petroleum Corporation in the 2nd quarter valued at about $121,000.

Whiting Petroleum Corporation 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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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