BMO Capital Markets reiterated their hold rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a research note published on Wednesday morning.
A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Whiting Petroleum Corporation from a sell rating to a hold rating in a research note on Tuesday. Stifel Nicolaus lowered their target price on Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating on the stock in a research note on Thursday, July 27th. Citigroup Inc. lowered their target price on Whiting Petroleum Corporation from $11.00 to $8.00 and set a buy rating on the stock in a research note on Friday, July 21st. Cowen and Company set a $8.00 target price on Whiting Petroleum Corporation and gave the stock a buy rating in a research note on Tuesday, July 18th. Finally, Bank of America Corporation assumed coverage on Whiting Petroleum Corporation in a research note on Wednesday, July 19th. They issued an underperform rating and a $6.00 target price on the stock. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $11.28.
Whiting Petroleum Corporation (NYSE:WLL) opened at 5.22 on Wednesday. The stock’s market capitalization is $1.89 billion. Whiting Petroleum Corporation has a 52-week low of $4.81 and a 52-week high of $13.39. The stock’s 50 day moving average price is $5.38 and its 200-day moving average price is $8.35. Whiting Petroleum Corporation also was the target of some unusual options trading on Wednesday. Investors acquired 1,246 put options on the company. This is an increase of 159% compared to the average volume of 482 put options.
Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business had revenue of $311.50 million for the quarter, compared to analyst estimates of $345.64 million. During the same period in the prior year, the company earned ($0.70) earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts expect that Whiting Petroleum Corporation will post ($0.72) EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of WLL. Comerica Bank boosted its stake in Whiting Petroleum Corporation by 26.2% in the fourth quarter. Comerica Bank now owns 28,832 shares of the oil and gas exploration company’s stock valued at $353,000 after buying an additional 5,988 shares in the last quarter. Teachers Advisors LLC boosted its stake in Whiting Petroleum Corporation by 274.9% in the fourth quarter. Teachers Advisors LLC now owns 1,051,101 shares of the oil and gas exploration company’s stock valued at $12,634,000 after buying an additional 770,726 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Whiting Petroleum Corporation by 5.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,826,932 shares of the oil and gas exploration company’s stock valued at $21,960,000 after buying an additional 97,096 shares in the last quarter. Foundry Partners LLC boosted its stake in Whiting Petroleum Corporation by 13.8% in the first quarter. Foundry Partners LLC now owns 19,800 shares of the oil and gas exploration company’s stock valued at $187,000 after buying an additional 2,400 shares in the last quarter. Finally, Creative Planning boosted its stake in Whiting Petroleum Corporation by 26.2% in the first quarter. Creative Planning now owns 146,683 shares of the oil and gas exploration company’s stock valued at $1,388,000 after buying an additional 30,432 shares in the last quarter. 82.61% of the stock is owned by hedge funds and other 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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