Other research analysts have also recently issued research reports about the company. Stifel Nicolaus cut their target price on Whiting Petroleum from $48.00 to $46.00 and set a buy rating on the stock in a research note on Thursday, July 27th. Cowen Inc reaffirmed a buy rating and set a $32.00 target price on shares of Whiting Petroleum in a research note on Sunday, September 17th. KeyCorp reaffirmed a buy rating and set a $28.00 target price on shares of Whiting Petroleum in a research note on Tuesday, September 19th. Zacks Investment Research raised Whiting Petroleum from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. set a $36.00 target price on Whiting Petroleum and gave the company a buy rating in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $36.27.
Whiting Petroleum (NYSE WLL) opened at $23.59 on Friday. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $53.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.88) earnings per share. equities analysts predict that Whiting Petroleum will post -2.41 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC bought a new position in Whiting Petroleum in the second quarter worth approximately $102,000. Shell Asset Management Co. purchased a new stake in Whiting Petroleum during the third quarter worth $1,565,000. Campbell & CO Investment Adviser LLC lifted its holdings in Whiting Petroleum by 24.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 3,988 shares during the period. Palisade Capital Management LLC NJ purchased a new stake in Whiting Petroleum during the second quarter worth $121,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Whiting Petroleum during the third quarter worth $133,000.
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About Whiting Petroleum
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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