Whiting Petroleum Corporation (NYSE:WLL)‘s stock had its “buy” rating reaffirmed by investment analysts at Cowen and Company in a research report issued to clients and investors on Friday. They presently have a $32.00 target price on the oil and gas exploration company’s stock. Cowen and Company’s price objective would indicate a potential upside of 24.32% from the company’s current price.

WLL has been the topic of a number of other reports. ValuEngine lowered Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group LLC assumed coverage on Whiting Petroleum Corporation in a report on Monday, October 9th. They set a “hold” rating and a $24.00 price target on the stock. Zacks Investment Research downgraded Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. SunTrust Banks, Inc. set a $36.00 price target on Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus set a $40.00 price target on Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, October 26th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whiting Petroleum Corporation currently has an average rating of “Hold” and a consensus target price of $36.45.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at $25.74 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. Whiting Petroleum Corporation has a 52-week low of $15.88 and a 52-week high of $53.56.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. Whiting Petroleum Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.88) earnings per share. research analysts predict that Whiting Petroleum Corporation will post -2.41 earnings per share for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in WLL. Chicago Equity Partners LLC acquired a new stake in shares of Whiting Petroleum Corporation in the 2nd quarter valued at about $102,000. Campbell & CO Investment Adviser LLC grew its holdings in Whiting Petroleum Corporation by 24.4% during 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 purchasing an additional 3,988 shares during the period. Palisade Capital Management LLC NJ bought a new stake in shares of Whiting Petroleum Corporation during the second quarter worth approximately $121,000. Gotham Asset Management LLC boosted its holdings in shares of Whiting Petroleum Corporation by 22.8% during 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 acquiring an additional 2,566 shares during the period. Finally, Private Capital Management Inc. boosted its holdings in shares of Whiting Petroleum Corporation by 25.0% during 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 acquiring an additional 5,000 shares during the period. 84.05% of the stock is currently owned by hedge funds and other institutional investors.

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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