Whiting Petroleum Corporation (NYSE:WLL) had its target price cut by equities researchers at Imperial Capital from $30.00 to $6.00 in a note issued to investors on Monday. The firm presently has an “in-line” rating on the oil and gas exploration company’s stock. Imperial Capital’s price target would suggest a potential downside of 76.69% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. Cowen and Company reissued a “buy” rating and issued a $32.00 price objective on shares of Whiting Petroleum Corporation in a research note on Friday. Robert W. Baird upped their target price on shares of Whiting Petroleum Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday. ValuEngine upgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Whiting Petroleum Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co reduced their target price on shares of Whiting Petroleum Corporation from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.83.
Shares of Whiting Petroleum Corporation (WLL) traded down $2.16 during midday trading on Monday, reaching $25.74. 10,787,000 shares of the company were exchanged, compared to its average volume of 4,645,927. Whiting Petroleum Corporation has a 12-month low of $15.88 and a 12-month high of $53.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.
Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned ($1.88) EPS. equities research analysts expect that Whiting Petroleum Corporation will post -2.41 earnings per share for the current year.
Large investors have recently modified their holdings of the business. Davidson Kempner Capital Management LP acquired a new stake in Whiting Petroleum Corporation in the second quarter valued at approximately $8,265,000. Marshall Wace North America L.P. acquired a new stake in shares of Whiting Petroleum Corporation during the second quarter worth approximately $1,268,000. Stephens Inc. AR grew its position in shares of Whiting Petroleum Corporation by 684.7% during the second quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock worth $3,612,000 after buying an additional 571,993 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of Whiting Petroleum Corporation during the third quarter worth approximately $1,565,000. Finally, Teachers Advisors LLC grew its position in shares of Whiting Petroleum Corporation by 24.4% during the first quarter. Teachers Advisors LLC now owns 1,307,775 shares of the oil and gas exploration company’s stock worth $12,372,000 after buying an additional 256,674 shares in the last quarter. 84.33% of the stock is owned by institutional investors.
About Whiting Petroleum Corporation
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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