Jefferies Group LLC began coverage on shares of Whiting Petroleum Corporation (NYSE:WLL) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $6.00 target price on the oil and gas exploration company’s stock. Jefferies Group also issued estimates for Whiting Petroleum Corporation’s Q3 2017 earnings at ($0.20) EPS, Q4 2017 earnings at ($0.14) EPS, FY2017 earnings at ($0.68) EPS, Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.59) EPS, Q1 2019 earnings at ($0.08) EPS, Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.11) EPS and FY2019 earnings at ($0.41) EPS.
A number of other equities research analysts have also recently weighed in on WLL. Imperial Capital assumed coverage on Whiting Petroleum Corporation in a report on Thursday, September 28th. They issued an in-line rating and a $6.00 price target on the stock. BMO Capital Markets reiterated a hold rating on shares of Whiting Petroleum Corporation in a report on Wednesday, August 2nd. Stifel Nicolaus set a $10.00 target price on Whiting Petroleum Corporation and gave the company a buy rating in a report on Thursday, October 5th. KeyCorp reiterated a buy rating and set a $7.00 target price on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Finally, Macquarie cut Whiting Petroleum Corporation from an outperform rating to a neutral rating and increased their target price for the company from $5.30 to $5.70 in a report on Wednesday, June 21st. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $9.40.
Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.25 on Monday. The stock has a 50 day moving average price of $4.93 and a 200-day moving average price of $6.30. The firm’s market capitalization is $1.90 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.70) EPS. On average, analysts anticipate that Whiting Petroleum Corporation will post ($0.69) EPS for the current year.
A number of large investors have recently added to or reduced their stakes in WLL. Chicago Equity Partners LLC purchased a new position in Whiting Petroleum Corporation in the second quarter valued at about $102,000. Campbell & CO Investment Adviser LLC raised its position in Whiting Petroleum Corporation by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 3,988 shares during the period. World Asset Management Inc raised its position in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after purchasing an additional 570 shares during the period. Palisade Capital Management LLC NJ purchased a new position in Whiting Petroleum Corporation in the second quarter valued at about $121,000. Finally, Gotham Asset Management LLC raised its position in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,566 shares during the period. 83.18% of the stock is currently owned by 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.
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