Shares of Whiting Petroleum Corporation (NYSE:WLL) have been assigned a consensus rating of “Hold” from the thirty-five analysts that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.42.

WLL has been the topic of several recent analyst reports. Imperial Capital initiated coverage on shares of Whiting Petroleum Corporation in a report on Thursday. They issued an “in-line” rating and a $6.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $7.00 price objective on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Piper Jaffray Companies decreased their price objective on shares of Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Cowen and Company reissued a “buy” rating and issued a $8.00 target price on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Finally, Morgan Stanley downgraded shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $5.00 to $3.50 in a research report on Tuesday, September 12th.

Whiting Petroleum Corporation (NYSE:WLL) traded down 1.28% on Wednesday, hitting $5.39. 25,371,132 shares of the company were exchanged. The firm has a 50 day moving average of $4.60 and a 200-day moving average of $6.72. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39. The stock’s market cap is $1.96 billion.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same quarter last year, the company earned ($0.70) earnings per share. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities analysts expect that Whiting Petroleum Corporation will post ($0.70) earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Whiting Petroleum Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock worth $18,985,000 after acquiring an additional 77,223 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Whiting Petroleum Corporation during the 1st quarter valued at about $790,000. Teacher Retirement System of Texas boosted its position in shares of Whiting Petroleum Corporation by 2.2% during the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after purchasing an additional 487 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Whiting Petroleum Corporation by 218.9% during the 1st quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after purchasing an additional 617,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Whiting Petroleum Corporation by 95.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after purchasing an additional 10,428,144 shares in the last quarter. 84.40% of the stock is currently owned by hedge funds and other institutional investors.

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About Whiting Petroleum Corporation

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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