Bank of America upgraded shares of Whiting Petroleum (NYSE:WLL) from an underperform rating to a neutral rating in a research report report published on Thursday morning, Marketbeat Ratings reports. Bank of America currently has $6.00 price objective on the oil and gas exploration company’s stock.
A number of other research analysts have also weighed in on the stock. Seaport Global Securities raised shares of Whiting Petroleum from a neutral rating to a buy rating and set a $40.00 target price on the stock in a research note on Wednesday. UBS Group began coverage on shares of Whiting Petroleum in a research note on Wednesday. They issued a neutral rating and a $32.00 target price on the stock. Zacks Investment Research lowered shares of Whiting Petroleum from a hold rating to a sell rating in a research note on Friday, February 23rd. Tudor Pickering raised shares of Whiting Petroleum from a sell rating to a hold rating in a research note on Monday, February 12th. Finally, ValuEngine lowered shares of Whiting Petroleum from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $33.70.
Whiting Petroleum (WLL) opened at $29.81 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.71. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $41.48. The firm has a market cap of $2,870.00, a P/E ratio of -2.33, a price-to-earnings-growth ratio of 4.21 and a beta of 3.17.
In related news, VP David M. Seery sold 1,059 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the sale, the vice president now owns 37,122 shares in the company, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Whiting Petroleum in the 4th quarter valued at approximately $138,000. First Allied Advisory Services Inc. grew its stake in shares of Whiting Petroleum by 24.5% in the third quarter. First Allied Advisory Services Inc. now owns 30,619 shares of the oil and gas exploration company’s stock worth $170,000 after acquiring an additional 6,034 shares in the last quarter. National Planning Corp grew its stake in shares of Whiting Petroleum by 10.4% in the third quarter. National Planning Corp now owns 86,175 shares of the oil and gas exploration company’s stock worth $471,000 after acquiring an additional 8,150 shares in the last quarter. Aveo Capital Partners LLC acquired a new position in shares of Whiting Petroleum in the fourth quarter worth $306,000. Finally, Legal & General Group Plc grew its stake in shares of Whiting Petroleum by 2.8% in the third quarter. Legal & General Group Plc now owns 567,017 shares of the oil and gas exploration company’s stock worth $3,097,000 after acquiring an additional 15,264 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.
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About Whiting Petroleum
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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