Whiting Petroleum (NYSE:WLL) had its target price reduced by S&P Equity Research from $6.60 to $6.14 in a research report report published on Tuesday, December 17th, AnalystRatings.com reports.
A number of other analysts have also commented on WLL. Bank of America lowered shares of Whiting Petroleum from a buy rating to a neutral rating and lowered their target price for the stock from $19.00 to $11.00 in a report on Tuesday, September 10th. UBS Group reduced their price target on shares of Whiting Petroleum from $21.00 to $6.50 and set a neutral rating on the stock in a research report on Tuesday, November 26th. Seaport Global Securities cut shares of Whiting Petroleum from a buy rating to a neutral rating in a research report on Thursday, October 10th. ValuEngine raised shares of Whiting Petroleum from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research cut shares of Whiting Petroleum from a peer perform rating to an underperform rating and set a $8.00 price target on the stock. in a research report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $13.31.
WLL traded up $0.62 during trading on Tuesday, reaching $7.85. 21,712,220 shares of the company’s stock were exchanged, compared to its average volume of 7,424,119. The company’s fifty day moving average price is $5.97 and its 200-day moving average price is $9.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.44 and a current ratio of 0.44. Whiting Petroleum has a fifty-two week low of $4.29 and a fifty-two week high of $30.94. The firm has a market capitalization of $716.71 million, a PE ratio of 3.60 and a beta of 3.28.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.30). Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The business had revenue of $372.89 million for the quarter, compared to analyst estimates of $405.25 million. During the same period in the prior year, the firm posted $0.92 EPS. Whiting Petroleum’s revenue was down 34.2% on a year-over-year basis. Research analysts forecast that Whiting Petroleum will post -1.07 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association lifted its position in shares of Whiting Petroleum by 7.7% during 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. Oppenheimer & Co. Inc. increased its holdings in Whiting Petroleum by 12.7% during the third quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock worth $191,000 after buying an additional 2,679 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Whiting Petroleum by 58.4% during the third quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock worth $78,000 after buying an additional 3,570 shares during the last quarter. Swiss National Bank increased its holdings in Whiting Petroleum by 2.4% during the second quarter. Swiss National Bank now owns 169,750 shares of the oil and gas exploration company’s stock worth $3,171,000 after buying an additional 4,000 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Whiting Petroleum by 7.2% during the third quarter. State of Tennessee Treasury Department now owns 61,777 shares of the oil and gas exploration company’s stock worth $496,000 after buying an additional 4,175 shares during the last quarter. 99.52% of the stock is currently owned by 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.
Featured Story: What is a Buy-Side Analyst?
Receive News & Ratings for Whiting Petroleum Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Whiting Petroleum and related companies with MarketBeat.com’s FREE daily email newsletter.