Robert W. Baird Analysts Give Whiting Petroleum (WLL) a $44.00 Price Target

Robert W. Baird set a $44.00 target price on Whiting Petroleum (NYSE:WLL) in a research note released on Monday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts have also recently issued research reports about the company. Goldman Sachs raised Whiting Petroleum from a sell rating to a neutral rating in a report on Thursday, February 1st. Jefferies Group set a $29.00 price target on Whiting Petroleum and gave the company a hold rating in a report on Tuesday, January 30th. Morgan Stanley raised their price target on Whiting Petroleum from $14.40 to $22.00 and gave the company a sell rating in a report on Wednesday, January 24th. Cowen set a $35.00 price target on Whiting Petroleum and gave the company a buy rating in a report on Thursday, January 18th. Finally, Johnson Rice assumed coverage on Whiting Petroleum in a report on Wednesday, March 21st. They issued a buy rating and a $58.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $38.63.

NYSE:WLL opened at $40.71 on Monday. Whiting Petroleum has a twelve month low of $15.88 and a twelve month high of $41.12. The stock has a market capitalization of $3,663.46, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 2.34 and a beta of 2.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.77.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The firm had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. During the same quarter last year, the firm posted ($0.28) EPS. The company’s revenue was up 38.4% compared to the same quarter last year. research analysts expect that Whiting Petroleum will post 1.18 earnings per share for the current fiscal year.

In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the transaction, the vice president now directly owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in WLL. Encompass Capital Advisors LLC purchased a new position in Whiting Petroleum in the 4th quarter worth approximately $31,776,000. Mackenzie Financial Corp bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $14,895,000. Royce & Associates LP bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $12,644,000. Schwab Charles Investment Management Inc. grew its position in shares of Whiting Petroleum by 48.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,399,019 shares of the oil and gas exploration company’s stock worth $7,639,000 after buying an additional 459,381 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $9,758,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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