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 equities analysts have also recently weighed in on the company. UBS Group dropped their price target on Whiting Petroleum from $21.00 to $6.50 and set a neutral rating on the stock in a research note on Tuesday, November 26th. Wolfe Research cut Whiting Petroleum from a peer perform rating to an underperform rating and set a $8.00 target price for the company. in a research report on Tuesday, October 15th. Scotiabank downgraded Whiting Petroleum from an outperform rating to a sector perform rating in a report on Monday, August 19th. Citigroup lowered shares of Whiting Petroleum from a buy rating to a neutral rating and reduced their price target for the stock from $14.00 to $10.50 in a research report on Monday, September 23rd. Finally, Imperial Capital reaffirmed an in-line rating and set a $10.00 price objective (down from $15.00) on shares of Whiting Petroleum in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $13.31.
NYSE:WLL opened at $7.45 on Tuesday. The business’s 50-day moving average price is $6.16 and its 200 day moving average price is $9.24. The firm has a market cap of $680.19 million, a P/E ratio of 3.42 and a beta of 3.28. Whiting Petroleum has a 52-week low of $4.29 and a 52-week high of $30.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.62.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.30). The firm had revenue of $372.89 million for the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. Whiting Petroleum’s revenue was down 34.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Sell-side analysts expect that Whiting Petroleum will post -1.07 EPS for the current year.
A number of large investors have recently made changes to their positions in WLL. Public Employees Retirement System of Ohio boosted its stake in Whiting Petroleum by 58.4% during the 3rd 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 purchasing an additional 3,570 shares during the period. Advisory Services Network LLC bought a new stake in Whiting Petroleum during the 2nd quarter valued at approximately $87,000. Rational Advisors LLC boosted its stake in Whiting Petroleum by 782.4% during the 3rd quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock valued at $120,000 after purchasing an additional 13,246 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Whiting Petroleum by 12.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock valued at $191,000 after purchasing an additional 2,679 shares during the period. Finally, Brave Asset Management Inc. bought a new stake in Whiting Petroleum during the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.
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.
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