Stephens lowered shares of Whiting Petroleum (NYSE:WLL) from an overweight rating to an equal weight rating in a research report released on Monday, BenzingaRatingsTable reports. The firm currently has $14.00 price objective on the oil and gas exploration company’s stock, down from their prior price objective of $24.00.

Other equities analysts also recently issued reports about the company. Raymond James dropped their target price on Whiting Petroleum from $35.00 to $25.00 and set a strong-buy rating for the company in a research report on Monday, August 5th. Citigroup dropped their target price on Whiting Petroleum from $40.00 to $30.00 and set a buy rating for the company in a research report on Thursday, July 18th. Ifs Securities downgraded Whiting Petroleum from an outperform rating to a market perform rating in a research report on Tuesday, April 23rd. Oppenheimer downgraded Whiting Petroleum from an outperform rating to a market perform rating in a research report on Thursday, August 1st. Finally, Credit Suisse Group downgraded Whiting Petroleum from an outperform rating to a neutral rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $30.42.

Shares of WLL stock opened at $8.10 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. Whiting Petroleum has a twelve month low of $8.00 and a twelve month high of $55.17. The company has a market cap of $739.53 million, a P/E ratio of 3.72 and a beta of 2.97. The business has a fifty day simple moving average of $13.36 and a 200 day simple moving average of $21.42.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.52). Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. The business had revenue of $426.26 million for the quarter, compared to the consensus estimate of $452.02 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. Whiting Petroleum’s quarterly revenue was down 19.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Whiting Petroleum will post 0.07 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in WLL. Whittier Trust Co. lifted its holdings in shares of Whiting Petroleum by 89.9% in the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Whiting Petroleum by 113.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 850 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Whiting Petroleum by 78.8% in the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 979 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Whiting Petroleum by 0.9% in the second quarter. Arizona State Retirement System now owns 141,595 shares of the oil and gas exploration company’s stock valued at $2,645,000 after purchasing an additional 1,223 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Whiting Petroleum by 7.7% in the second quarter. United Services Automobile Association now owns 18,666 shares of the oil and gas exploration company’s stock valued at $349,000 after purchasing an additional 1,340 shares in the last quarter. 99.75% of the stock is owned by hedge funds and other institutional investors.

About Whiting Petroleum

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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