Whiting Petroleum Co. (NYSE:WLL) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.50.
Several equities analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Whiting Petroleum from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, January 21st. Piper Sandler increased their price objective on shares of Whiting Petroleum from $19.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, January 7th. MKM Partners increased their price objective on shares of Whiting Petroleum from $31.00 to $39.00 in a research note on Tuesday, March 2nd. Wells Fargo & Company upgraded shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Monday, March 15th. Finally, Truist increased their price objective on shares of Whiting Petroleum from $26.00 to $32.00 in a research note on Wednesday, December 30th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Lonestar Capital Management LLC purchased a new stake in Whiting Petroleum in the 3rd quarter worth approximately $25,000. California State Teachers Retirement System purchased a new stake in Whiting Petroleum during the 3rd quarter valued at approximately $27,000. Ellevest Inc. grew its holdings in Whiting Petroleum by 3,279.7% during the 4th quarter. Ellevest Inc. now owns 2,332 shares of the oil and gas exploration company’s stock valued at $58,000 after buying an additional 2,263 shares in the last quarter. CWM LLC purchased a new stake in Whiting Petroleum during the 4th quarter valued at approximately $136,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Whiting Petroleum during the 3rd quarter valued at approximately $118,000. 36.38% of the stock is owned by institutional investors.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, February 23rd. The oil and gas exploration company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $1.45. The company had revenue of $21.27 million for the quarter, compared to the consensus estimate of $192.77 million. Research analysts forecast that Whiting Petroleum will post -5.04 EPS for the current fiscal year.
About Whiting Petroleum
Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids 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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