Whiting Petroleum Corporation (WLL) Stock Rating Reaffirmed by KeyCorp

Whiting Petroleum Corporation (NYSE:WLL)‘s stock had its “buy” rating reissued by analysts at KeyCorp in a research note issued to investors on Tuesday. They presently have a $7.00 target price on the oil and gas exploration company’s stock. KeyCorp’s target price suggests a potential upside of 34.87% from the company’s current price.

Several other research analysts have also issued reports on the company. Citigroup Inc. dropped their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Cowen and Company set a $8.00 price objective on Whiting Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Stifel Nicolaus dropped their price objective on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $12.00 price objective on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research note on Friday, June 2nd. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.56.

Whiting Petroleum Corporation (WLL) opened at 5.19 on Tuesday. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The firm has a 50-day moving average of $4.60 and a 200-day moving average of $6.72. The firm’s market cap is $1.88 billion.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.70) earnings per share. On average, analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in Whiting Petroleum Corporation by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock valued at $18,985,000 after acquiring an additional 77,223 shares in the last quarter. Stephens Inc. AR acquired a new position in shares of Whiting Petroleum Corporation during the 1st quarter worth $790,000. Teacher Retirement System of Texas raised its holdings in shares of Whiting Petroleum Corporation by 2.2% during the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Whiting Petroleum Corporation by 218.9% during the 1st quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after buying an additional 617,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Whiting Petroleum Corporation by 95.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Whiting Petroleum Corporation 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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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