KeyCorp Reiterates Buy Rating for Whiting Petroleum Corp (WLL)
Whiting Petroleum Corp (NYSE:WLL)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a research note issued on Friday. They currently have a $28.00 price objective on the oil and gas exploration company’s stock. KeyCorp’s price objective would indicate a potential upside of 18.69% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Cowen Inc reiterated a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum in a research report on Sunday, September 17th. Stifel Nicolaus set a $40.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 12th. SunTrust Banks, Inc. set a $36.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Barclays PLC increased their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.27.
Whiting Petroleum (NYSE:WLL) opened at $23.59 on Friday. 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 $53.58.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.88) earnings per share. research analysts forecast that Whiting Petroleum will post -2.41 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Chicago Equity Partners LLC purchased a new stake in shares of Whiting Petroleum in the second quarter worth about $102,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Whiting Petroleum by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 3,988 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in shares of Whiting Petroleum in the second quarter worth about $121,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Whiting Petroleum in the third quarter worth about $133,000. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 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.
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