Whiting Petroleum (WLL) Receiving Somewhat Positive News Coverage, Report Finds

Media headlines about Whiting Petroleum (NYSE:WLL) have trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Whiting Petroleum earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the oil and gas exploration company an impact score of 46.5471390421594 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Whiting Petroleum (WLL) traded down $0.68 during trading hours on Tuesday, hitting $24.35. 4,520,756 shares of the company traded hands, compared to its average volume of 4,764,979. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $53.48.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.88) EPS. research analysts expect that Whiting Petroleum will post -2.39 earnings per share for the current year.

WLL has been the subject of several recent analyst reports. Cowen reiterated a “buy” rating and issued a $32.00 price objective on shares of Whiting Petroleum in a report on Sunday, September 17th. Zacks Investment Research raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, October 12th. Barclays increased their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets set a $24.00 target price on shares of Whiting Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Whiting Petroleum has a consensus rating of “Hold” and a consensus target price of $36.27.

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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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