Whiting Petroleum (NYSE:WLL) Rating Increased to Hold at Wells Fargo & Company

Whiting Petroleum (NYSE:WLL) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday, AnalystRatings.com reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Whiting Petroleum from a “buy” rating to a “hold” rating and set a $1.25 price target on the stock. in a research report on Wednesday, August 19th. Barclays reaffirmed a “hold” rating on shares of Whiting Petroleum in a research report on Sunday, September 6th. Capital One Financial reaffirmed an “overweight” rating on shares of Whiting Petroleum in a research report on Thursday, September 3rd. KeyCorp raised Whiting Petroleum from a “sector weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Thursday, September 3rd. Finally, Cowen upgraded Whiting Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 2nd. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.24.

Shares of NYSE WLL opened at $20.42 on Tuesday. The business’s 50 day moving average is $6.66 and its two-hundred day moving average is $2.47. Whiting Petroleum has a 12 month low of $13.44 and a 12 month high of $28.00.

In related news, Director Kevin S. Mccarthy purchased 12,500 shares of the stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of $20.96 per share, for a total transaction of $262,000.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $262,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Korus purchased 2,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was bought at an average price of $22.01 per share, for a total transaction of $44,020.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $22,010. The disclosure for this purchase can be found here.

Institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new position in Whiting Petroleum in the second quarter worth $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Whiting Petroleum by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,936 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 14,983 shares in the last quarter. MML Investors Services LLC acquired a new position in Whiting Petroleum in the first quarter worth $31,000. BNP Paribas Arbitrage SA boosted its stake in Whiting Petroleum by 44.5% in the first quarter. BNP Paribas Arbitrage SA now owns 68,521 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 21,108 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in Whiting Petroleum in the first quarter worth $48,000. 36.38% of the stock is currently owned by institutional investors.

About Whiting Petroleum

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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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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