Whiting Petroleum (WLL) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies restated their hold rating on shares of Whiting Petroleum (NYSE:WLL) in a research report sent to investors on Tuesday morning. They currently have a $40.00 price target on the oil and gas exploration company’s stock.

Other analysts also recently issued reports about the stock. Stifel Nicolaus set a $40.00 price objective on shares of Whiting Petroleum and gave the stock a buy rating in a report on Thursday, October 26th. SunTrust Banks set a $36.00 price objective on shares of Whiting Petroleum and gave the stock a buy rating in a report on Friday, October 20th. KeyCorp set a $28.00 price objective on shares of Whiting Petroleum and gave the stock a buy rating in a report on Thursday, October 19th. Cowen reaffirmed a buy rating and set a $32.00 price objective on shares of Whiting Petroleum in a report on Sunday, September 17th. Finally, Zacks Investment Research raised shares of Whiting Petroleum from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Thursday, October 12th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $33.31.

Shares of Whiting Petroleum (NYSE WLL) opened at $29.78 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum has a 1 year low of $15.88 and a 1 year high of $52.32.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. Whiting Petroleum’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.88) EPS. equities research analysts forecast that Whiting Petroleum will post -2.26 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of Whiting Petroleum in the 4th quarter valued at $1,589,000. Wealthsource Partners LLC raised its stake in shares of Whiting Petroleum by 51.8% in the 3rd quarter. Wealthsource Partners LLC now owns 79,875 shares of the oil and gas exploration company’s stock valued at $436,000 after buying an additional 27,250 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Whiting Petroleum by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 685,691 shares of the oil and gas exploration company’s stock valued at $3,744,000 after buying an additional 37,993 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Whiting Petroleum in the 3rd quarter valued at $133,000. Finally, Janus Henderson Group PLC raised its stake in shares of Whiting Petroleum by 28.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,026,744 shares of the oil and gas exploration company’s stock valued at $5,606,000 after buying an additional 228,987 shares in the last quarter.

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Whiting Petroleum 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 (NYSE:WLL)

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