Whiting Petroleum (NYSE:WLL) was downgraded by equities research analysts at Tudor Pickering from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports.
A number of other research analysts have also weighed in on WLL. Raymond James lowered shares of Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $25.00 to $10.00 in a research note on Thursday, October 17th. Wolfe Research lowered shares of Whiting Petroleum from a “peer perform” rating to an “underperform” rating and set a $8.00 price objective for the company. in a research note on Tuesday, October 15th. Seaport Global Securities lowered shares of Whiting Petroleum from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Capital One Financial lowered shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $12.00 in a research report on Friday, January 10th. Finally, S&P Equity Research reduced their price target on shares of Whiting Petroleum from $6.60 to $6.14 in a research report on Tuesday, December 17th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.09.
Whiting Petroleum stock traded up $0.43 during mid-day trading on Wednesday, reaching $4.63. The company’s stock had a trading volume of 6,888,198 shares, compared to its average volume of 9,067,185. Whiting Petroleum has a 12-month low of $4.15 and a 12-month high of $30.94. The company has a market capitalization of $403.55 million, a P/E ratio of 3.89 and a beta of 3.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $7.62.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $405.25 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was down 34.2% on a year-over-year basis. On average, research analysts predict that Whiting Petroleum will post -1.17 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter valued at about $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 valued at $78,000 after buying an additional 3,570 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter valued at about $107,000. 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 valued at $120,000 after buying an additional 13,246 shares during the period. Finally, CWM Advisors LLC increased its position in shares of Whiting Petroleum by 30.1% during the fourth quarter. CWM Advisors LLC now owns 25,767 shares of the oil and gas exploration company’s stock valued at $189,000 after buying an additional 5,958 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.
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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