Whiting Petroleum Co. (NYSE:WLL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Whiting Petroleum Co. (NYSE:WLLGet Rating) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $100.83.

WLL has been the subject of a number of analyst reports. KeyCorp upped their price target on Whiting Petroleum from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. StockNews.com cut Whiting Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Wells Fargo & Company upped their price target on Whiting Petroleum from $77.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, March 14th. Piper Sandler increased their target price on Whiting Petroleum to $113.00 and gave the company a “na” rating in a report on Wednesday, May 18th. Finally, Truist Financial increased their target price on Whiting Petroleum from $108.00 to $130.00 in a report on Thursday, April 21st.

NYSE WLL opened at $72.68 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.40 and a beta of 1.89. Whiting Petroleum has a twelve month low of $38.41 and a twelve month high of $101.74. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $80.92 and a 200 day moving average of $76.81.

Whiting Petroleum (NYSE:WLLGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The oil and gas exploration company reported $4.61 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.43). The business had revenue of $527.00 million during the quarter, compared to analyst estimates of $403.00 million. Whiting Petroleum had a return on equity of 42.37% and a net margin of 22.33%. Equities analysts predict that Whiting Petroleum will post 25.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 20th were given a $0.25 dividend. The ex-dividend date was Thursday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Whiting Petroleum’s dividend payout ratio (DPR) is presently 10.18%.

Several hedge funds have recently bought and sold shares of WLL. Dark Forest Capital Management LP purchased a new stake in shares of Whiting Petroleum in the third quarter valued at approximately $37,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Whiting Petroleum in the fourth quarter valued at approximately $37,000. Moors & Cabot Inc. purchased a new position in Whiting Petroleum in the third quarter worth approximately $40,000. Sugarloaf Wealth Management LLC grew its position in Whiting Petroleum by 272.4% in the first quarter. Sugarloaf Wealth Management LLC now owns 499 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 365 shares during the period. Finally, CWM LLC purchased a new position in Whiting Petroleum in the fourth quarter worth approximately $102,000. Institutional investors and hedge funds own 96.76% of the company’s stock.

About Whiting Petroleum (Get Rating)

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids 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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