Whiting Petroleum Corporation (NYSE:WLL) had its price target reduced by J P Morgan Chase & Co from $8.00 to $7.00 in a research note released on Wednesday. They currently have a neutral rating on the oil and gas exploration company’s stock.

A number of other equities analysts also recently weighed in on WLL. BidaskClub raised shares of Whiting Petroleum Corporation from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a hold rating to a sell rating in a report on Thursday, July 13th. Citigroup Inc dropped their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating on the stock in a report on Thursday, July 13th. Bank of America Corporation initiated coverage on shares of Whiting Petroleum Corporation in a report on Wednesday, July 19th. They set an underperform rating and a $6.00 price objective on the stock. Finally, Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the company a buy rating in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Whiting Petroleum Corporation currently has a consensus rating of Hold and an average target price of $9.13.

Shares of Whiting Petroleum Corporation (WLL) opened at $6.51 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.06. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.47) EPS. equities research analysts anticipate that Whiting Petroleum Corporation will post -0.6 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Chicago Equity Partners LLC purchased a new stake in Whiting Petroleum Corporation in the second quarter worth approximately $102,000. Campbell & CO Investment Adviser LLC boosted its stake in Whiting Petroleum Corporation 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 Whiting Petroleum Corporation in the second quarter worth approximately $121,000. Gotham Asset Management LLC boosted its stake in 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 in the last quarter. Finally, Private Capital Management Inc. boosted its stake in Whiting Petroleum Corporation by 25.0% in the second 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 in the last quarter. 83.23% of the stock is owned by institutional investors and hedge funds.

Whiting Petroleum Corporation 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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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