Whiting Petroleum (NYSE:WLL) had its price objective trimmed by S&P Equity Research from $6.60 to $6.14 in a research note published on Tuesday, December 17th, AnalystRatings.com reports.
Other equities analysts have also recently issued reports about the stock. Morgan Stanley decreased their price target on shares of Whiting Petroleum from $9.00 to $7.75 and set an equal weight rating for the company in a research report on Friday, October 4th. Raymond James cut shares of Whiting Petroleum from a strong-buy rating to an outperform rating and decreased their price target for the company from $25.00 to $10.00 in a research report on Thursday, October 17th. Credit Suisse Group cut shares of Whiting Petroleum from a neutral rating to an underperform rating in a research report on Friday, October 4th. UBS Group decreased their price target on shares of Whiting Petroleum from $21.00 to $6.50 and set a neutral rating for the company in a research report on Tuesday, November 26th. Finally, Barclays restated a hold rating and issued a $5.00 price target on shares of Whiting Petroleum in a research report on Sunday, December 8th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $13.09.
WLL stock traded down $0.39 during trading on Tuesday, reaching $6.68. 6,203,773 shares of the company were exchanged, compared to its average volume of 8,732,958. The company has a 50-day moving average of $6.22 and a two-hundred day moving average of $9.13. The company has a market capitalization of $645.49 million, a price-to-earnings ratio of 3.06 and a beta of 3.28. Whiting Petroleum has a twelve month low of $4.29 and a twelve month high of $30.94. 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 (NYSE:WLL) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.30). Whiting Petroleum had a net margin of 6.62% and a negative return on equity of 1.90%. The business had revenue of $372.89 million during the quarter, compared to analyst estimates of $405.25 million. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue was down 34.2% compared to the same quarter last year. On average, analysts forecast that Whiting Petroleum will post -1.06 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Whiting Petroleum during the fourth quarter worth $50,000. Public Employees Retirement System of Ohio increased its position in shares of 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 period. Advisory Services Network LLC acquired a new stake in shares of Whiting Petroleum during the second quarter worth $87,000. Rational Advisors LLC increased its position in shares of Whiting Petroleum by 782.4% during the third quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 13,246 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of 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 period. Institutional investors 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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