Whiting Petroleum (NYSE:WLL) had its price target cut by Citigroup from $45.00 to $40.00 in a research note published on Tuesday. They currently have a buy rating on the oil and gas exploration company’s stock.
Several other equities analysts have also recently commented on the company. Stephens initiated coverage on Whiting Petroleum in a research report on Thursday, December 6th. They set an overweight rating and a $54.00 target price for the company. Raymond James set a $52.00 target price on Whiting Petroleum and gave the stock a buy rating in a research report on Wednesday, January 23rd. Cowen initiated coverage on Whiting Petroleum in a research report on Thursday, November 29th. They set a market perform rating and a $30.00 target price for the company. Credit Suisse Group upgraded Whiting Petroleum from a neutral rating to an outperform rating and set a $50.00 target price for the company in a research report on Monday, November 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Whiting Petroleum from a hold rating to a sell rating in a research report on Sunday, January 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $49.44.
NYSE:WLL opened at $25.52 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74. Whiting Petroleum has a 52-week low of $18.37 and a 52-week high of $56.47. The firm has a market cap of $2.30 billion, a P/E ratio of 11.71 and a beta of 2.94.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.58). Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The business had revenue of $473.20 million for the quarter, compared to analysts’ expectations of $484.96 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Whiting Petroleum’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts forecast that Whiting Petroleum will post 1.05 earnings per share for the current year.
In other news, Director Philip Edward Doty sold 2,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the transaction, the director now directly owns 16,822 shares in the company, valued at approximately $414,157.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. NuWave Investment Management LLC boosted its holdings in shares of Whiting Petroleum by 217.9% in the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 915 shares in the last quarter. Rational Advisors LLC boosted its holdings in shares of Whiting Petroleum by 808.2% in the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,188 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Whiting Petroleum by 72.2% in the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 570 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Whiting Petroleum by 240.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock worth $172,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Whiting Petroleum in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 98.51% 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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