Whiting Petroleum Corp. (NYSE:WLL) was upgraded by equities research analysts at Stephens from an “equal weight” rating to a “buy” rating in a research report issued on Friday.

WLL has been the topic of several other reports. Cantor Fitzgerald reiterated a “hold” rating and set a $11.00 target price on shares of Whiting Petroleum Corp. in a research report on Tuesday, July 26th. Vetr lowered shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price target on the stock. in a research report on Monday, October 3rd. Canaccord Genuity restated a “buy” rating and issued a $12.00 price target on shares of Whiting Petroleum Corp. in a research report on Thursday. Wunderlich boosted their price target on shares of Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. reduced their price target on shares of Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Whiting Petroleum Corp. presently has an average rating of “Hold” and a consensus price target of $12.30.

Analyst Recommendations for Whiting Petroleum Corp. (NYSE:WLL)

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 8.82 on Friday. The firm’s market capitalization is $2.51 billion. The company has a 50-day moving average price of $8.20 and a 200 day moving average price of $9.37. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $19.73.

Whiting Petroleum Corp. (NYSE:WLL) last issued its earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative net margin of 106.77% and a negative return on equity of 11.77%. The business had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. During the same quarter last year, the firm posted ($0.17) earnings per share. Whiting Petroleum Corp.’s revenue was down 74.6% on a year-over-year basis. Analysts expect that Whiting Petroleum Corp. will post ($2.11) earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Palisade Capital Management LLC NJ bought a new position in shares of Whiting Petroleum Corp. during the second quarter valued at $167,000. Investors Capital Advisory Services bought a new position in shares of Whiting Petroleum Corp. during the second quarter valued at $113,000. Fox Run Management L.L.C. bought a new position in shares of Whiting Petroleum Corp. during the second quarter valued at $144,000. Putnam FL Investment Management Co. raised its position in shares of Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 200 shares during the last quarter. Finally, Lorber David A bought a new position in shares of Whiting Petroleum Corp. during the first quarter valued at $199,000. 77.33% of the stock is currently owned by institutional investors.

Whiting Petroleum Corp. 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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