Whiting Petroleum Corp (NYSE:WLL) has been assigned a consensus recommendation of “Buy” from the twenty-four brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $43.14.
Several analysts recently commented on the stock. SunTrust Banks reiterated a “buy” rating and issued a $35.00 price objective on shares of Whiting Petroleum in a research note on Monday, June 24th. Capital One Financial cut shares of Cimarex Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 20th. ValuEngine cut shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Bank of America set a $54.00 price objective on shares of Fortis and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley upgraded shares of to an “overweight” rating and set a GBX 400 ($5.23) price objective for the company in a research note on Friday.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Whiting Petroleum in the 4th quarter valued at about $23,869,000. Deutsche Bank AG grew its position in Whiting Petroleum by 71.3% during the fourth quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after buying an additional 1,051,214 shares in the last quarter. Principal Financial Group Inc. grew its position in Whiting Petroleum by 190.1% during the first quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock worth $29,644,000 after buying an additional 743,087 shares in the last quarter. Schneider Capital Management Corp grew its position in Whiting Petroleum by 270.4% during the first quarter. Schneider Capital Management Corp now owns 640,217 shares of the oil and gas exploration company’s stock worth $16,735,000 after buying an additional 467,376 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in Whiting Petroleum during the first quarter worth about $8,724,000. Institutional investors own 99.70% of the company’s stock.
Shares of WLL stock traded down $0.09 during mid-day trading on Tuesday, hitting $17.38. The stock had a trading volume of 3,901,922 shares, compared to its average volume of 5,782,628. Whiting Petroleum has a fifty-two week low of $15.40 and a fifty-two week high of $55.17. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 13.07 and a beta of 2.91. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $17.76.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The firm had revenue of $389.50 million during the quarter, compared to analyst estimates of $421.43 million. During the same quarter last year, the business posted $0.92 EPS. The firm’s revenue was down 24.4% on a year-over-year basis. Research analysts expect that Whiting Petroleum will post 1.25 earnings per share for the current fiscal year.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
See Also: Market Perform
Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.