Whiting Petroleum (WLL) – Analysts’ Weekly Ratings Updates

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Several analysts have recently updated their ratings and price targets for Whiting Petroleum (NYSE: WLL):

  • 2/15/2019 – Whiting Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whiting Petroleum's core operations are focused in North Dakota's Williston Basin, providing this E&P with an enviable acreage of top-tier assets and a multi-year drilling inventory. The company’s continually improving drilling efficiency has driven down cash costs while leading to attractive cash flow generation. However, as a counter to these strengths, Whiting Petroleum still carries considerable debt load, which may spell trouble. Moreover, the company’s price hedges have exposed it to significant risks amid the high volatility in crude prices. As such, the stock is expected to perform in line with the broader market.”
  • 2/12/2019 – Whiting Petroleum is now covered by analysts at KeyCorp. They set an “overweight” rating and a $33.00 price target on the stock.
  • 2/9/2019 – Whiting Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whiting Petroleum's core operations are focused in North Dakota's Williston Basin, providing this E&P with an enviable acreage of top-tier assets and a multi-year drilling inventory. The company’s continually improving drilling efficiency has driven down cash costs while leading to attractive cash flow generation. However, as a counter to these strengths, Whiting Petroleum still carries considerable debt load, which may spell trouble. Moreover, the company’s price hedges have exposed it to significant risks amid the high volatility in crude prices. As such, the stock is expected to perform in line with the broader market.”
  • 2/8/2019 – Whiting Petroleum was given a new $30.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 2/4/2019 – Whiting Petroleum was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/3/2019 – Whiting Petroleum had its “outperform” rating reaffirmed by analysts at Ifs Securities.
  • 1/29/2019 – Whiting Petroleum was given a new $43.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/23/2019 – Whiting Petroleum was given a new $52.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 1/6/2019 – Whiting Petroleum was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “For more than three months, Whiting Petroleum has seen its stock price decline precipitously. Since October, shares of the independent energy producer have plunged more than 50% as a renewed slump in crude prices due to a persistent global supply glut sent a shockwave through the industry. Moreover, at the current sub-$50 oil price level, Whiting is unlikely to fund its operations, making it dependent on other sources of financing. As it is, Whiting Petroleum still carries considerable debt load, which may spell trouble. Moreover, the company’s price hedges have exposed it to significant risks amid the high volatility in crude prices. Given these headwinds, the company is perceived as a risky bet that ordinary investors should exit.”

WLL stock traded up $0.72 during midday trading on Monday, reaching $29.36. 3,812,771 shares of the company were exchanged, compared to its average volume of 4,284,166. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Whiting Petroleum Corp has a 1-year low of $18.37 and a 1-year high of $56.47. The stock has a market cap of $2.67 billion, a P/E ratio of -22.41 and a beta of 3.07.

Hedge funds have recently added to or reduced their stakes in the business. NuWave Investment Management LLC raised its holdings in Whiting Petroleum by 217.9% during the fourth quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 915 shares in the last quarter. Rational Advisors LLC grew its position in shares of Whiting Petroleum by 808.2% during the fourth quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,188 shares during the last quarter. Ffcm LLC grew its position in shares of Whiting Petroleum by 72.2% during the fourth quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after acquiring an additional 570 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter worth approximately $87,000. Finally, Penserra Capital Management LLC grew its position in shares of Whiting Petroleum by 948.9% during the fourth quarter. Penserra Capital Management LLC now owns 5,622 shares of the oil and gas exploration company’s stock worth $126,000 after acquiring an additional 5,086 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

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.

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