Whiting Petroleum Corporation’s (WLL) “Buy” Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a research report report published on Thursday. Canaccord Genuity currently has a $14.00 target price on the oil and gas exploration company’s stock.
Other analysts have also recently issued research reports about the company. Vetr cut Whiting Petroleum Corporation from a strong-buy rating to a buy rating and set a $14.01 target price for the company. in a report on Tuesday, December 27th. KLR Group boosted their target price on Whiting Petroleum Corporation from $14.00 to $17.00 and gave the stock a buy rating in a report on Monday, October 31st. RBC Capital Markets reiterated a hold rating and set a $12.00 target price (up previously from $10.00) on shares of Whiting Petroleum Corporation in a report on Friday, November 25th. R. F. Lafferty started coverage on Whiting Petroleum Corporation in a report on Wednesday, December 21st. They set a buy rating and a $23.00 target price for the company. Finally, FBR & Co reiterated a hold rating and set a $13.00 target price on shares of Whiting Petroleum Corporation in a report on Sunday, January 8th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $12.83.
Shares of Whiting Petroleum Corporation (NYSE:WLL) traded down 1.61% during mid-day trading on Thursday, reaching $12.24. 11,860,890 shares of the company traded hands. The firm’s 50 day moving average price is $12.04 and its 200-day moving average price is $9.13. The company’s market capitalization is $3.43 billion. Whiting Petroleum Corporation has a 52-week low of $3.35 and a 52-week high of $14.44.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.07. The business earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. Whiting Petroleum Corporation had a negative net margin of 106.77% and a negative return on equity of 11.83%. The firm’s quarterly revenue was down 74.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) EPS. Equities analysts predict that Whiting Petroleum Corporation will post ($2.19) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Clinton Group Inc. purchased a new position in shares of Whiting Petroleum Corporation during the third quarter valued at $102,000. Moors & Cabot Inc. raised its position in shares of Whiting Petroleum Corporation by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Whiting Petroleum Corporation during the third quarter valued at $110,000. Profund Advisors LLC purchased a new position in shares of Whiting Petroleum Corporation during the second quarter valued at $128,000. Finally, Baird Financial Group Inc. raised its position in shares of Whiting Petroleum Corporation by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock valued at $121,000 after buying an additional 2,000 shares during the last quarter. 94.16% of the stock is currently owned by institutional investors.
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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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