Whiting Petroleum Corporation (NYSE:WLL) had its target price raised by Imperial Capital from $6.00 to $30.00 in a research report report published on Monday, MarketBeat reports. The firm currently has a line rating on the oil and gas exploration company’s stock.
A number of other equities research analysts have also recently commented on WLL. Bank of America Corporation initiated coverage on Whiting Petroleum Corporation in a report on Wednesday, July 19th. They set an underperform rating and a $24.00 target price on the stock. Cowen and Company set a $32.00 target price on Whiting Petroleum Corporation and gave the company a buy rating in a report on Tuesday, July 18th. Citigroup Inc. lowered their target price on Whiting Petroleum Corporation from $44.00 to $32.00 and set a buy rating on the stock in a report on Friday, July 21st. Stifel Nicolaus lowered their target price on Whiting Petroleum Corporation from $48.00 to $46.00 and set a buy rating on the stock in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded Whiting Petroleum Corporation from a sell rating to a hold rating in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $36.65.
Shares of Whiting Petroleum Corporation (WLL) traded up $0.79 during trading hours on Monday, reaching $23.06. The company’s stock had a trading volume of 5,070,656 shares, compared to its average volume of 4,686,977. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56.
Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. Whiting Petroleum Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.88) EPS. equities research analysts forecast that Whiting Petroleum Corporation will post -2.44 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of WLL. Hotchkis & Wiley Capital Management LLC grew its stake in Whiting Petroleum Corporation by 44.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after purchasing an additional 8,737,870 shares in the last quarter. Fine Capital Partners L.P. grew its stake in Whiting Petroleum Corporation by 53.7% in the second quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock worth $117,566,000 after purchasing an additional 7,450,722 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Whiting Petroleum Corporation by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after purchasing an additional 4,483,396 shares in the last quarter. Numeric Investors LLC grew its stake in Whiting Petroleum Corporation by 163.0% in the second quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock worth $26,644,000 after purchasing an additional 2,997,300 shares in the last quarter. Finally, Schneider Capital Management Corp grew its stake in Whiting Petroleum Corporation by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after purchasing an additional 2,230,237 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
About Whiting Petroleum Corporation
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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