Whiting Petroleum (WLL) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reaffirmed their hold rating on shares of Whiting Petroleum (NYSE:WLL) in a report issued on Thursday. The firm currently has a $33.00 price target on the oil and gas exploration company’s stock.

Several other brokerages have also commented on WLL. Cowen restated a buy rating and set a $32.00 price target on shares of Whiting Petroleum in a research note on Sunday, September 17th. Zacks Investment Research upgraded Whiting Petroleum from a hold rating to a buy rating and set a $24.00 target price for the company in a research note on Thursday, October 12th. Barclays increased their target price on Whiting Petroleum from $5.00 to $19.00 and gave the company an equal weight rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 target price on Whiting Petroleum and gave the company a sell rating in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $40.00 target price on shares of Whiting Petroleum in a research note on Tuesday. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $33.31.

Shares of Whiting Petroleum (NYSE:WLL) traded up $0.06 during trading hours on Thursday, reaching $29.78. The company’s stock had a trading volume of 4,195,600 shares, compared to its average volume of 5,080,000. The firm has a market capitalization of $2,700.00, a price-to-earnings ratio of -4.15 and a beta of 3.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $52.32.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.88) earnings per share. research analysts predict that Whiting Petroleum will post -2.26 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC boosted its holdings in Whiting Petroleum by 44.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Whiting Petroleum by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after purchasing an additional 254,053 shares during the last quarter. Fine Capital Partners L.P. boosted its holdings in Whiting Petroleum by 23.7% in the third quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after purchasing an additional 5,057,592 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whiting Petroleum by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after purchasing an additional 4,483,396 shares during the last quarter. Finally, Schneider Capital Management Corp boosted its holdings in Whiting Petroleum by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares during the last quarter.

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Whiting Petroleum 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 (NYSE:WLL)

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