Whiting Petroleum (NYSE:WLL) Raised to “Hold” at Wells Fargo & Company

Whiting Petroleum (NYSE:WLL) was upgraded by equities researchers at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Whiting Petroleum from a “buy” rating to a “hold” rating and set a $1.25 price objective for the company. in a research report on Wednesday, August 19th. KeyCorp raised Whiting Petroleum from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Thursday, September 3rd. Capital One Financial reaffirmed an “overweight” rating on shares of Whiting Petroleum in a research report on Thursday, September 3rd. Cowen raised Whiting Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Barclays reaffirmed a “hold” rating on shares of Whiting Petroleum in a research report on Sunday, September 6th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.24.

WLL opened at $20.42 on Tuesday. Whiting Petroleum has a 12-month low of $13.44 and a 12-month high of $28.00. The business has a 50 day moving average of $6.66 and a 200-day moving average of $2.47.

In related news, Director Kevin S. Mccarthy acquired 12,500 shares of the stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $20.96 per share, for a total transaction of $262,000.00. Following the purchase, the director now directly owns 12,500 shares in the company, valued at $262,000. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul Korus acquired 2,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were bought at an average price of $22.01 per share, for a total transaction of $44,020.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $22,010. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. increased its stake in shares of Whiting Petroleum by 1.4% in the 1st quarter. Federated Hermes Inc. now owns 885,951 shares of the oil and gas exploration company’s stock valued at $594,000 after purchasing an additional 12,042 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Whiting Petroleum in the 2nd quarter valued at $69,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Whiting Petroleum by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,936 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 14,983 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Whiting Petroleum by 4.7% in the 1st quarter. Rhumbline Advisers now owns 338,165 shares of the oil and gas exploration company’s stock valued at $227,000 after purchasing an additional 15,110 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Whiting Petroleum by 44.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 68,521 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 21,108 shares during the last quarter. Institutional investors own 36.38% of the company’s stock.

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.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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