Whiting Petroleum Corp. (NYSE:WLL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $9.80 target price on the oil and gas exploration company’s stock. Vetr‘s price objective would suggest a potential upside of 9.99% from the company’s current price.
A number of other research analysts have also issued reports on WLL. Barclays PLC reduced their price objective on Whiting Petroleum Corp. from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, July 29th. Zacks Investment Research lowered Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Morgan Stanley reduced their price target on Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Nomura reiterated a “hold” rating and set a $11.00 price target on shares of Whiting Petroleum Corp. in a research report on Monday. Finally, Credit Suisse Group AG upgraded Whiting Petroleum Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $8.80 to $14.00 in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Whiting Petroleum Corp. presently has a consensus rating of “Hold” and a consensus price target of $13.23.
Shares of Whiting Petroleum Corp. (NYSE:WLL) traded up 1.95% during trading on Monday, hitting $8.91. The stock had a trading volume of 19,756,857 shares. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $22.80. The company’s market cap is $2.45 billion. The stock’s 50-day moving average price is $7.72 and its 200-day moving average price is $9.31.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The company had revenue of $339.58 million for the quarter, compared to analyst estimates of $374.83 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue for the quarter was down 42.4% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corp. will post ($2.04) EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Third Point LLC purchased a new position in Whiting Petroleum Corp. during the second quarter valued at approximately $75,932,000. Vanguard Group Inc. boosted its position in Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock valued at $161,853,000 after buying an additional 2,961,485 shares during the period. Victory Capital Management Inc. boosted its position in Whiting Petroleum Corp. by 329.4% in the second quarter. Victory Capital Management Inc. now owns 3,234,694 shares of the oil and gas exploration company’s stock valued at $29,953,000 after buying an additional 2,481,447 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Whiting Petroleum Corp. during the second quarter valued at approximately $20,930,000. Finally, First Trust Advisors LP boosted its position in Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock valued at $37,058,000 after buying an additional 1,772,115 shares during the period. 77.29% of the stock is owned by hedge funds and other institutional investors.
About Whiting Petroleum Corp.
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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
To view Vetr’s full report, visit Vetr’s official website.
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