Whiting Petroleum’s (WLL) Hold Rating Reaffirmed at Piper Jaffray Companies
Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a research note issued on Tuesday. They currently have a $40.00 price objective on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 34.59% from the company’s current price.
Several other brokerages also recently issued reports on WLL. Cowen reissued a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum in a research note on Sunday, September 17th. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. Barclays lifted their target price on Whiting Petroleum from $5.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 price target on Whiting Petroleum and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, Seaport Global Securities upgraded Whiting Petroleum from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.31.
Shares of Whiting Petroleum (WLL) traded up $1.12 on Tuesday, reaching $29.72. The company had a trading volume of 6,297,200 shares, compared to its average volume of 4,966,654. The company has a market cap of $2,700.00, a P/E ratio of -4.14 and a beta of 3.39. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $52.32. 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 earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned ($1.88) EPS. equities research analysts predict that Whiting Petroleum will post -2.27 EPS for the current year.
Several institutional investors have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Whiting Petroleum by 44.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after purchasing an additional 8,737,870 shares during the period. Fine Capital Partners L.P. boosted its holdings in shares of Whiting Petroleum by 53.7% in the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock worth $117,566,000 after purchasing an additional 7,450,722 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Whiting Petroleum by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after purchasing an additional 4,483,396 shares during the period. Numeric Investors LLC boosted its holdings in shares of Whiting Petroleum by 163.0% in the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock worth $26,644,000 after purchasing an additional 2,997,300 shares during the period. Finally, Schneider Capital Management Corp boosted its holdings in shares of Whiting Petroleum by 63.7% in the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after purchasing an additional 2,230,237 shares during the period.
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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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