Ladenburg Thalmann reissued their buy rating on shares of Whiting Petroleum (NYSE:WLL) in a report published on Thursday morning. Ladenburg Thalmann currently has a $45.00 target price on the oil and gas exploration company’s stock.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Whiting Petroleum from a hold rating to a sell rating in a research note on Friday, February 23rd. KeyCorp set a $35.00 target price on shares of Whiting Petroleum and gave the stock a buy rating in a research note on Sunday, January 21st. Tudor Pickering upgraded shares of Whiting Petroleum from a sell rating to a hold rating in a research note on Monday, February 12th. Goldman Sachs raised shares of Whiting Petroleum from a sell rating to a neutral rating in a report on Thursday, February 1st. Finally, Piper Jaffray set a $45.00 price objective on shares of Whiting Petroleum and gave the company a hold rating in a report on Wednesday, March 14th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $35.96.
NYSE:WLL traded up $1.85 during trading hours on Thursday, hitting $38.86. The stock had a trading volume of 2,610,200 shares, compared to its average volume of 4,875,555. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.77 and a quick ratio of 0.77. Whiting Petroleum has a one year low of $15.88 and a one year high of $38.94. The company has a market cap of $3,367.94, a price-to-earnings ratio of -29.56, a PEG ratio of 3.89 and a beta of 2.91.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The firm had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. During the same quarter last year, the company posted ($0.28) EPS. The business’s quarterly revenue was up 38.4% on a year-over-year basis. equities research analysts expect that Whiting Petroleum will post 0.65 EPS for the current fiscal year.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total transaction of $29,408.43. Following the completion of the sale, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Whiting Petroleum in the third quarter valued at $166,000. Legal & General Group Plc raised its position in Whiting Petroleum by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 567,017 shares of the oil and gas exploration company’s stock worth $3,097,000 after buying an additional 15,264 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Whiting Petroleum by 48.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,399,019 shares of the oil and gas exploration company’s stock worth $7,639,000 after buying an additional 459,381 shares during the last quarter. Magnetar Financial LLC purchased a new position in Whiting Petroleum during the 3rd quarter worth approximately $337,000. Finally, First Allied Advisory Services Inc. raised its position in Whiting Petroleum by 24.5% during the 3rd quarter. First Allied Advisory Services Inc. now owns 30,619 shares of the oil and gas exploration company’s stock worth $170,000 after buying an additional 6,034 shares during the last quarter. Institutional investors and hedge funds own 97.55% of the company’s stock.
Whiting Petroleum 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.
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