ValuEngine Upgrades Whiting Petroleum Corporation (WLL) to “Hold”
Whiting Petroleum Corporation (NYSE:WLL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Other analysts have also recently issued reports about the company. Piper Jaffray Companies dropped their price target on Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Morgan Stanley cut Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $20.00 to $14.00 in a report on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and set a $32.00 price target on shares of Whiting Petroleum Corporation in a report on Sunday, September 17th. KeyCorp restated a “buy” rating and set a $28.00 price objective on shares of Whiting Petroleum Corporation in a research note on Tuesday, September 19th. Finally, Citigroup Inc. lowered their price objective on Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Whiting Petroleum Corporation has a consensus rating of “Hold” and a consensus target price of $36.45.
Shares of Whiting Petroleum Corporation (WLL) opened at $25.74 on Thursday. 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 Corporation has a fifty-two week low of $15.88 and a fifty-two week high of $53.56.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted ($1.88) EPS. analysts predict that Whiting Petroleum Corporation will post -0.6 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum Corporation during the 2nd quarter worth about $102,000. Campbell & CO Investment Adviser LLC lifted its holdings in Whiting Petroleum Corporation by 24.4% during the 2nd 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 during the period. Palisade Capital Management LLC NJ acquired a new position in Whiting Petroleum Corporation during the 2nd quarter worth about $121,000. Gotham Asset Management LLC lifted its holdings in Whiting Petroleum Corporation by 22.8% during the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after buying an additional 2,566 shares during the period. Finally, Private Capital Management Inc. lifted its holdings in Whiting Petroleum Corporation by 25.0% during the 2nd quarter. Private Capital Management Inc. now owns 25,000 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 5,000 shares during the period. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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