Whiting Petroleum Corporation (WLL) Earns “Buy” Rating from Cowen and Company

Cowen and Company reiterated their buy rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a report issued on Friday. They currently have a $32.00 price target on the oil and gas exploration company’s stock.

A number of other equities research analysts also recently weighed in on WLL. Imperial Capital assumed coverage on shares of Whiting Petroleum Corporation in a research report on Thursday, September 28th. They issued an in-line rating and a $24.00 price target for the company. BMO Capital Markets reiterated a hold rating on shares of Whiting Petroleum Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a buy rating to a hold rating in a research report on Wednesday, November 8th. ValuEngine upgraded shares of Whiting Petroleum Corporation from a sell rating to a hold rating in a research report on Thursday, November 9th. Finally, Robert W. Baird boosted their price objective on shares of Whiting Petroleum Corporation from $32.00 to $34.00 and gave the company an outperform rating in a research report on Friday. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Whiting Petroleum Corporation presently has an average rating of Hold and an average price target of $36.65.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at $25.87 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corporation has a 1 year low of $15.88 and a 1 year high of $53.56.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. During the same period in the previous year, the business earned ($1.88) earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts expect that Whiting Petroleum Corporation will post -2.41 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/11/14/whiting-petroleum-corporation-wll-earns-buy-rating-from-cowen-and-company.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Whiting Petroleum Corporation by 1.4% during the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock valued at $156,000 after purchasing an additional 388 shares during the period. First Allied Advisory Services Inc. raised its holdings in shares of Whiting Petroleum Corporation by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares during the period. Sentinel Trust Co. LBA raised its holdings in shares of Whiting Petroleum Corporation by 0.6% during the second quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock valued at $835,000 after purchasing an additional 850 shares during the period. MML Investors Services LLC raised its holdings in shares of Whiting Petroleum Corporation by 1.9% during the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 895 shares during the period. Finally, HL Financial Services LLC raised its holdings in shares of Whiting Petroleum Corporation by 2.1% during the second quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock valued at $274,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

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)

Receive News & Ratings for Whiting Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply