Whiting Petroleum Corporation (NYSE:WLL) has been given a $7.00 target price by equities researchers at KeyCorp in a research note issued on Thursday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s target price would suggest a potential upside of 37.25% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. SunTrust Banks, Inc. set a $9.00 price target on Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Friday. Morgan Stanley set a $4.00 price target on Whiting Petroleum Corporation and gave the company a “sell” rating in a research report on Wednesday. Zacks Investment Research raised Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Thursday, October 12th. Barclays PLC set a $5.00 price target on Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, BMO Capital Markets set a $6.00 price target on Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.40.

Whiting Petroleum Corporation (WLL) opened at 5.10 on Thursday. The stock’s 50 day moving average price is $5.07 and its 200-day moving average price is $6.13. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The stock’s market capitalization is $1.85 billion.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. 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 previous year, the business earned ($0.70) earnings per share. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts expect that Whiting Petroleum Corporation will post ($0.68) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in WLL. Nationwide Fund Advisors raised its stake in Whiting Petroleum Corporation by 14.7% during the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after buying an additional 5,717 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Whiting Petroleum Corporation by 11.7% during the first quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock valued at $190,000 after buying an additional 2,088 shares in the last quarter. Prudential Financial Inc. raised its stake in Whiting Petroleum Corporation by 155.5% during the first quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock valued at $878,000 after buying an additional 56,500 shares in the last quarter. Principal Financial Group Inc. raised its stake in Whiting Petroleum Corporation by 6.9% during the first quarter. Principal Financial Group Inc. now owns 35,718 shares of the oil and gas exploration company’s stock valued at $338,000 after buying an additional 2,320 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Whiting Petroleum Corporation by 218.9% during the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after buying an additional 617,558 shares in the last quarter. Hedge funds and other institutional investors 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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