Stifel Nicolaus Analysts Give Whiting Petroleum Corporation (WLL) a $10.00 Price Target

Stifel Nicolaus set a $10.00 target price on Whiting Petroleum Corporation (NYSE:WLL) in a research note published on Thursday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other equities analysts also recently issued reports about the company. Citigroup Inc. reduced their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating on the stock in a research report on Thursday, July 13th. Cowen and Company set a $8.00 target price on Whiting Petroleum Corporation and gave the stock a buy rating in a research report on Tuesday, July 18th. KeyCorp reiterated a buy rating and set a $7.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Zacks Investment Research upgraded Whiting Petroleum Corporation from a sell rating to a hold rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets reiterated a hold rating and set a $10.00 target price on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Whiting Petroleum Corporation currently has an average rating of Hold and a consensus price target of $10.38.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 5.20 on Thursday. Whiting Petroleum Corporation has a 12 month low of $3.97 and a 12 month high of $13.39. The company’s 50 day moving average price is $4.82 and its 200-day moving average price is $6.39. The firm’s market capitalization is $1.89 billion.

Whiting Petroleum Corporation (NYSE:WLL) last released its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $345.64 million. During the same period in the prior year, the business posted ($0.70) earnings per share. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities analysts predict that Whiting Petroleum Corporation will post ($0.70) earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Whiting Petroleum Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after buying an additional 254,053 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Whiting Petroleum Corporation by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after purchasing an additional 4,483,396 shares in the last quarter. Fine Capital Partners L.P. grew its stake in Whiting Petroleum Corporation by 53.7% during the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after purchasing an additional 7,450,722 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Whiting Petroleum Corporation by 8.0% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 19,517,667 shares of the oil and gas exploration company’s stock valued at $107,542,000 after purchasing an additional 1,440,273 shares in the last quarter. Finally, Schneider Capital Management Corp grew its stake in Whiting Petroleum Corporation by 63.7% during the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares in the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.

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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