Whiting Petroleum Corporation (WLL) PT Raised to $30.00 at Imperial Capital

Whiting Petroleum Corporation (NYSE:WLL) had its price target lifted by equities researchers at Imperial Capital from $6.00 to $30.00 in a research report issued on Monday. The brokerage currently has a “line” rating on the oil and gas exploration company’s stock. Imperial Capital’s price target points to a potential upside of 27.44% from the stock’s current price.

Other research analysts have also issued research reports about the company. Piper Jaffray Companies decreased their target price on Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Morgan Stanley lowered Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and issued a $32.00 target price on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. KeyCorp reaffirmed a “buy” rating and set a $28.00 price objective on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Finally, Citigroup Inc. reduced their price objective on Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.65.

Whiting Petroleum Corporation (NYSE WLL) opened at $23.54 on Monday. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same quarter in the prior year, the company earned ($1.88) EPS. The business’s revenue was up 2.8% compared to the same quarter last year. equities research analysts predict that Whiting Petroleum Corporation will post -2.44 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC purchased a new position in Whiting Petroleum Corporation during the second quarter valued at $102,000. Shell Asset Management Co. purchased a new position in Whiting Petroleum Corporation during the third quarter valued at $1,565,000. Campbell & CO Investment Adviser LLC lifted its position in Whiting Petroleum Corporation by 24.4% during 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 in the last quarter. Palisade Capital Management LLC NJ purchased a new position in Whiting Petroleum Corporation during the second quarter valued at $121,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Whiting Petroleum Corporation during the third quarter valued at $133,000. Institutional investors own 84.33% of the company’s stock.

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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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