Whiting Petroleum Corporation (WLL) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the company. KLR Group increased their price target on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the company a buy rating in a report on Monday, May 1st. R. F. Lafferty increased their price target on Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a buy rating in a report on Thursday, April 27th. Citigroup Inc. lowered their price target on Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating for the company in a report on Thursday, July 13th. Cowen and Company set a $8.00 price target on Whiting Petroleum Corporation and gave the company a buy rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus lowered their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating for the company in a report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Whiting Petroleum Corporation has an average rating of Hold and an average price target of $11.28.

Whiting Petroleum Corporation (NYSE WLL) opened at 5.22 on Wednesday. The company has a 50-day moving average price of $5.38 and a 200-day moving average price of $8.35. Whiting Petroleum Corporation has a 12-month low of $4.81 and a 12-month high of $13.39. The stock’s market capitalization is $1.89 billion. Whiting Petroleum Corporation also was the recipient of some unusual options trading on Wednesday. Investors purchased 1,246 put options on the stock. This represents an increase of 159% compared to the typical volume of 482 put options.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same period in the prior year, the firm earned ($0.70) EPS. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corporation will post ($0.72) earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of WLL. World Asset Management Inc boosted its position in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after buying an additional 2,566 shares in the last quarter. Capital Innovations LLC acquired a new position in shares of Whiting Petroleum Corporation during the first quarter worth about $133,000. Koch Industries Inc. acquired a new position in shares of Whiting Petroleum Corporation during the first quarter worth about $138,000. Finally, Robecosam AG acquired a new position in shares of Whiting Petroleum Corporation during the first quarter worth about $138,000. 82.61% of the stock is currently owned by hedge funds and other institutional investors.

Whiting Petroleum Corporation Company Profile

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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)




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