Whiting Petroleum Corp (WLL) Given Average Rating of “Buy” by Analysts

Shares of Whiting Petroleum Corp (NYSE:WLL) have received a consensus rating of “Buy” from the thirty-one analysts that are presently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $50.80.

Several brokerages recently commented on WLL. Wells Fargo & Co upgraded Whiting Petroleum from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Tuesday, October 23rd. Credit Suisse Group lowered their price objective on Whiting Petroleum from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Imperial Capital set a $45.00 price objective on Whiting Petroleum and gave the company an “in-line” rating in a research note on Thursday, November 1st. ValuEngine lowered Whiting Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Morgan Stanley lowered their price objective on Whiting Petroleum from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, November 5th.

Shares of NYSE:WLL traded up $0.72 during mid-day trading on Friday, hitting $29.36. 3,812,267 shares of the company traded hands, compared to its average volume of 4,284,166. The company has a market cap of $2.67 billion, a P/E ratio of -22.41 and a beta of 3.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 0.56. Whiting Petroleum has a 52-week low of $18.37 and a 52-week high of $56.47.



Institutional investors and hedge funds have recently modified their holdings of the company. NuWave Investment Management LLC grew its position 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 acquiring an additional 915 shares in the last quarter. Rational Advisors LLC grew its position 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 acquiring an additional 1,188 shares in the last quarter. Ffcm LLC grew its position 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 acquiring an additional 570 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Whiting Petroleum in the 4th quarter worth approximately $87,000. Finally, Penserra Capital Management LLC grew its position in shares of Whiting Petroleum by 948.9% in the 4th quarter. Penserra Capital Management LLC now owns 5,622 shares of the oil and gas exploration company’s stock worth $126,000 after acquiring an additional 5,086 shares in the last quarter. Institutional investors own 95.37% 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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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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