Whiting Petroleum Corporation (NYSE:WLL) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Whiting Petroleum Corporation (NYSE:WLL) from a sell rating to a strong sell rating in a research note published on Friday, September 1st.

Other equities analysts also recently issued research reports about the stock. Citigroup Inc. dropped their price target on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating for the company in a research note on Thursday, July 13th. Cowen and Company set a $8.00 price target on shares of Whiting Petroleum Corporation and gave the company a buy rating in a research note on Tuesday, July 18th. Stifel Nicolaus dropped their price target on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reissued a hold rating and set a $10.00 target price on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $12.00 target price on shares of Whiting Petroleum Corporation and gave the stock a hold rating in a research note on Friday, June 2nd. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $10.99.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 4.86 on Friday. The firm’s market cap is $1.76 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The firm’s 50-day moving average price is $4.62 and its 200 day moving average price is $6.87.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.70) EPS. Equities analysts anticipate that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Whiting Petroleum Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock valued at $18,985,000 after purchasing an additional 77,223 shares during the period. Stephens Inc. AR bought a new stake in shares of Whiting Petroleum Corporation in the first quarter valued at approximately $790,000. Teacher Retirement System of Texas raised its position in shares of Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after purchasing an additional 487 shares during the period. Wellington Management Group LLP raised its position in shares of Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after purchasing an additional 617,558 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after purchasing an additional 10,428,144 shares during the period. 83.96% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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