Shares of Whiting Petroleum Corp (NYSE:WLL) gapped down prior to trading on Friday . The stock had previously closed at $31.02, but opened at $30.36. Whiting Petroleum shares last traded at $29.93, with a volume of 3172071 shares traded.

A number of research firms have recently commented on WLL. Credit Suisse Group began coverage on Whiting Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $29.00 price objective on the stock. Mizuho set a $32.00 price objective on Whiting Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Barclays boosted their price objective on Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. ValuEngine downgraded Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Cowen set a $35.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.64.

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same quarter in the previous year, the company posted ($1.88) earnings per share. Whiting Petroleum’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts anticipate that Whiting Petroleum Corp will post -2.25 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Whiting Petroleum in the fourth quarter valued at about $138,000. Phoenix Investment Adviser LLC purchased a new position in Whiting Petroleum in the fourth quarter valued at about $457,000. Shell Asset Management Co. purchased a new position in Whiting Petroleum in the third quarter valued at about $1,565,000. Cubist Systematic Strategies LLC purchased a new position in Whiting Petroleum in the third quarter valued at about $133,000. Finally, First Allied Advisory Services Inc. grew its stake in Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares in the last quarter.

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Whiting Petroleum 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.

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