Morgan Stanley set a $4.00 price objective on Whiting Petroleum Corporation (NYSE:WLL) in a research note released on Wednesday morning. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.

WLL has been the topic of several other reports. Tudor Pickering downgraded Whiting Petroleum Corporation from a hold rating to a sell rating in a report on Tuesday, September 5th. ValuEngine downgraded Whiting Petroleum Corporation from a sell rating to a strong sell rating in a report on Friday, September 1st. Zacks Investment Research raised Whiting Petroleum Corporation from a sell rating to a hold rating in a report on Tuesday, August 1st. Barclays PLC set a $5.00 target price on Whiting Petroleum Corporation and gave the stock a hold rating in a report on Wednesday, October 11th. Finally, Bank of America Corporation initiated coverage on Whiting Petroleum Corporation in a report on Wednesday, July 19th. They issued an underperform rating and a $6.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $9.42.

Shares of Whiting Petroleum Corporation (NYSE WLL) traded down 2.611% during mid-day trading on Wednesday, hitting $5.035. The company had a trading volume of 8,745,797 shares. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The firm’s 50 day moving average is $5.03 and its 200-day moving average is $6.17. The firm’s market cap is $1.83 billion.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. Whiting Petroleum Corporation’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.70) EPS. On average, equities analysts expect that Whiting Petroleum Corporation will post ($0.68) EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC increased 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 purchasing an additional 2,566 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Whiting Petroleum Corporation during the 2nd quarter worth about $102,000. Envestnet Asset Management Inc. increased its holdings in Whiting Petroleum Corporation by 11.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock worth $190,000 after purchasing an additional 2,088 shares in the last quarter. Campbell & CO Investment Adviser LLC increased 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 purchasing an additional 3,988 shares in the last quarter. Finally, Palisade Capital Management LLC NJ bought a new position in Whiting Petroleum Corporation during the 2nd quarter worth about $121,000. Institutional investors and hedge funds own 82.86% of the company’s stock.

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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