Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reissued by analysts at R. F. Lafferty in a report issued on Tuesday. They currently have a $28.00 price target on the oil and gas exploration company’s stock. R. F. Lafferty’s price target would suggest a potential upside of 24.22% from the company’s current price.
Several other brokerages have also weighed in on WLL. Cowen reiterated a “buy” rating and set a $32.00 price objective on shares of Whiting Petroleum in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, October 12th. Barclays boosted their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets set a $24.00 target price on shares of Whiting Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.83.
Whiting Petroleum (WLL) opened at $22.54 on Tuesday. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $53.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. During the same quarter in the prior year, the business earned ($1.88) earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts forecast that Whiting Petroleum will post -2.39 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Wealthsource Partners LLC grew its position in Whiting Petroleum by 51.8% in the 3rd quarter. Wealthsource Partners LLC now owns 79,875 shares of the oil and gas exploration company’s stock worth $436,000 after purchasing an additional 27,250 shares in the last quarter. California Public Employees Retirement System grew its position in Whiting Petroleum by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 685,691 shares of the oil and gas exploration company’s stock worth $3,744,000 after purchasing an additional 37,993 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum in the 3rd quarter worth about $133,000. Janus Henderson Group PLC grew its position in Whiting Petroleum by 28.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,026,744 shares of the oil and gas exploration company’s stock worth $5,606,000 after purchasing an additional 228,987 shares in the last quarter. Finally, DW Partners LP bought a new stake in Whiting Petroleum in the 3rd quarter worth about $10,390,000.
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.
Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.