Whiting Petroleum (NYSE:WLL) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Friday, Marketbeat.com reports. They currently have a $31.00 target price on the oil and gas exploration company’s stock, up from their prior target price of $28.00. Morgan Stanley’s target price would indicate a potential upside of 2.14% from the company’s previous close.

WLL has been the topic of a number of other research reports. Capital One Financial raised shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 20th. Wells Fargo & Co cut their price target on shares of Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 13th. Ifs Securities reaffirmed an “outperform” rating on shares of Whiting Petroleum in a research note on Sunday, February 3rd. Zacks Investment Research raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, ValuEngine upgraded shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.24.

Shares of WLL opened at $30.35 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74. Whiting Petroleum has a twelve month low of $18.37 and a twelve month high of $56.47. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.92 and a beta of 2.95.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The company had revenue of $473.20 million during the quarter, compared to the consensus estimate of $484.96 million. During the same period in the previous year, the firm posted ($0.17) EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts anticipate that Whiting Petroleum will post 1.47 earnings per share for the current year.

In related news, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.62, for a total transaction of $61,550.00. Following the transaction, the director now directly owns 16,822 shares in the company, valued at $414,157.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Hagist sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the transaction, the insider now owns 43,930 shares in the company, valued at $1,106,596.70. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WLL. Norges Bank acquired a new position in Whiting Petroleum during the fourth quarter worth $23,869,000. Deutsche Bank AG increased its holdings in Whiting Petroleum by 71.3% during the fourth quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after buying an additional 1,051,214 shares during the last quarter. AQR Capital Management LLC increased its holdings in Whiting Petroleum by 604.5% during the third quarter. AQR Capital Management LLC now owns 911,874 shares of the oil and gas exploration company’s stock worth $48,366,000 after buying an additional 782,430 shares during the last quarter. Perella Weinberg Partners Capital Management LP increased its holdings in Whiting Petroleum by 221.5% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 647,243 shares of the oil and gas exploration company’s stock worth $16,247,000 after buying an additional 445,908 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Whiting Petroleum by 4.1% during the third quarter. Vanguard Group Inc. now owns 9,462,009 shares of the oil and gas exploration company’s stock worth $501,865,000 after buying an additional 373,404 shares during the last quarter. Institutional investors and hedge funds own 98.79% of the company’s stock.

Whiting Petroleum Company Profile

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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