Whiting Petroleum Corporation (NYSE:WLL) had its price objective reduced by Stifel Nicolaus from $12.00 to $11.50 in a research report released on Thursday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a buy rating on the oil and gas exploration company’s stock.

Several other equities research analysts also recently weighed in on the stock. Citigroup Inc. decreased their target price on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a buy rating for the company in a research note on Friday, July 21st. Cowen and Company set a $8.00 target price on shares of Whiting Petroleum Corporation and gave the stock a buy rating in a research note on Tuesday, July 18th. Bank of America Corporation assumed coverage on shares of Whiting Petroleum Corporation in a research note on Wednesday, July 19th. They set an underperform rating and a $6.00 target price for the company. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a hold rating to a sell rating in a research note on Thursday, July 13th. Finally, BidaskClub downgraded shares of Whiting Petroleum Corporation from a sell rating to a strong sell rating in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $11.28.

Whiting Petroleum Corporation (WLL) opened at 5.33 on Thursday. The stock’s market cap is $1.93 billion. The firm’s 50 day moving average price is $5.44 and its 200-day moving average price is $8.52. Whiting Petroleum Corporation has a 1-year low of $4.81 and a 1-year high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm 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 anticipate that Whiting Petroleum Corporation will post ($0.72) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of WLL. World Asset Management Inc boosted its position in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares during the period. Gotham Asset Management LLC raised its stake in shares of Whiting Petroleum Corporation by 22.8% in the first 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. Capital Innovations LLC purchased a new stake in shares of Whiting Petroleum Corporation during the first quarter worth about $133,000. Koch Industries Inc. purchased a new stake in shares of Whiting Petroleum Corporation during the first quarter worth about $138,000. Finally, Robecosam AG purchased a new stake in shares of Whiting Petroleum Corporation during the first quarter worth about $138,000. 82.61% of the stock is owned by institutional investors and hedge funds.

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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