Whiting Petroleum (NYSE:WLL) had its price objective cut by S&P Equity Research from $6.60 to $6.14 in a research note published on Tuesday, December 17th, AnalystRatings.com reports.
WLL has been the subject of several other reports. SunTrust Banks cut their price objective on shares of Whiting Petroleum to $13.00 and set a sell rating for the company in a research report on Thursday, September 5th. Morgan Stanley lowered their target price on Whiting Petroleum from $9.00 to $7.75 and set an equal weight rating on the stock in a research note on Friday, October 4th. Imperial Capital reissued an in-line rating and set a $10.00 price target (down from $15.00) on shares of Whiting Petroleum in a report on Thursday, November 7th. ValuEngine upgraded Whiting Petroleum from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Bank of America cut Whiting Petroleum from a buy rating to a neutral rating and lowered their price objective for the stock from $19.00 to $11.00 in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $13.31.
NYSE:WLL traded up $0.06 during trading hours on Tuesday, reaching $7.01. 160,109 shares of the stock were exchanged, compared to its average volume of 8,675,013. The firm has a 50 day moving average of $5.96 and a 200 day moving average of $10.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44. Whiting Petroleum has a twelve month low of $4.29 and a twelve month high of $30.94. The stock has a market cap of $625.40 million, a PE ratio of 3.22 and a beta of 3.15.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.30). The company had revenue of $372.89 million during the quarter, compared to the consensus estimate of $405.25 million. Whiting Petroleum had a net margin of 6.62% and a negative return on equity of 1.90%. Whiting Petroleum’s revenue was down 34.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities research analysts anticipate that Whiting Petroleum will post -1.07 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY grew its holdings in Whiting Petroleum by 1,279.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 29,969 shares of the oil and gas exploration company’s stock worth $241,000 after acquiring an additional 27,797 shares during the period. Millennium Management LLC increased its holdings in Whiting Petroleum by 2,654.8% in the third quarter. Millennium Management LLC now owns 964,185 shares of the oil and gas exploration company’s stock worth $7,742,000 after purchasing an additional 929,185 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Whiting Petroleum by 164.8% in the third quarter. Squarepoint Ops LLC now owns 313,701 shares of the oil and gas exploration company’s stock worth $2,519,000 after purchasing an additional 195,222 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Whiting Petroleum by 139.4% in the third quarter. Voloridge Investment Management LLC now owns 1,001,711 shares of the oil and gas exploration company’s stock valued at $8,044,000 after buying an additional 583,198 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Whiting Petroleum by 58.4% in the third quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after buying an additional 3,570 shares during the period. Institutional investors and hedge funds own 99.52% 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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