Whiting Petroleum (NYSE:WLL) had its price target lifted by Stifel Nicolaus from $49.00 to $63.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.
A number of other equities analysts also recently issued reports on WLL. Cowen set a $35.00 price target on Whiting Petroleum and gave the stock a buy rating in a research report on Thursday, January 18th. KeyCorp set a $35.00 price target on Whiting Petroleum and gave the stock a buy rating in a research report on Sunday, January 21st. Morgan Stanley increased their price target on Whiting Petroleum from $14.40 to $22.00 and gave the stock a sell rating in a research report on Wednesday, January 24th. Jefferies Group set a $29.00 target price on Whiting Petroleum and gave the company a hold rating in a report on Tuesday, January 30th. Finally, Goldman Sachs raised Whiting Petroleum from a sell rating to a neutral rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $41.55.
Shares of Whiting Petroleum opened at $53.22 on Friday, MarketBeat.com reports. The company has a market cap of $4.73 billion, a price-to-earnings ratio of -40.63, a price-to-earnings-growth ratio of 2.82 and a beta of 2.90. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.73. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $53.48.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.70. The company had revenue of $515.10 million for the quarter, compared to the consensus estimate of $476.68 million. Whiting Petroleum had a negative return on equity of 1.08% and a negative net margin of 69.88%. Whiting Petroleum’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) earnings per share. research analysts predict that Whiting Petroleum will post 2.31 EPS for the current year.
In related news, VP David M. Seery sold 1,059 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the sale, the vice president now owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of WLL. Nisa Investment Advisors LLC acquired a new stake in shares of Whiting Petroleum in the fourth quarter valued at approximately $1,589,000. State of Alaska Department of Revenue acquired a new stake in shares of Whiting Petroleum in the fourth quarter valued at approximately $138,000. Phoenix Investment Adviser LLC acquired a new stake in shares of Whiting Petroleum in the fourth quarter valued at approximately $457,000. Cypress Capital Management LLC WY increased its stake in Whiting Petroleum by 391.1% during the fourth quarter. Cypress Capital Management LLC WY now owns 22,100 shares of the oil and gas exploration company’s stock worth $585,000 after acquiring an additional 17,600 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in Whiting Petroleum during the fourth quarter worth $466,000.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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