Whiting Petroleum Corp (NYSE:WLL) Given Average Rating of “Hold” by Brokerages

Whiting Petroleum Corp (NYSE:WLL) has been given an average recommendation of “Hold” by the twenty-six brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.71.

Several research analysts have recently commented on WLL shares. Credit Suisse Group lowered Whiting Petroleum from a “neutral” rating to an “underperform” rating in a research report on Friday, October 4th. Seaport Global Securities downgraded shares of Whiting Petroleum from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. 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. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group cut their price objective on shares of Whiting Petroleum from $21.00 to $6.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY lifted its position in Whiting Petroleum by 1,279.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 29,969 shares of the oil and gas exploration company’s stock worth $241,000 after acquiring an additional 27,797 shares during the period. Millennium Management LLC boosted its position in Whiting Petroleum by 2,654.8% in the third quarter. Millennium Management LLC now owns 964,185 shares of the oil and gas exploration company’s stock valued at $7,742,000 after buying an additional 929,185 shares during the last quarter. Squarepoint Ops LLC boosted its position in Whiting Petroleum by 164.8% in the third quarter. Squarepoint Ops LLC now owns 313,701 shares of the oil and gas exploration company’s stock valued at $2,519,000 after buying an additional 195,222 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in Whiting Petroleum by 139.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,001,711 shares of the oil and gas exploration company’s stock worth $8,044,000 after buying an additional 583,198 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Whiting Petroleum by 58.4% in the 3rd 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. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Whiting Petroleum stock traded up $0.42 during trading on Friday, hitting $5.10. 293,191 shares of the stock traded hands, compared to its average volume of 6,758,002. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $6.23 and its 200 day simple moving average is $11.27. The firm has a market cap of $461.07 million, a P/E ratio of 2.34 and a beta of 3.15. Whiting Petroleum has a 52-week low of $4.29 and a 52-week high of $33.45.

Whiting Petroleum (NYSE:WLL) last issued its 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). The business had revenue of $372.89 million for the quarter, compared to the consensus estimate of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The firm’s revenue was down 34.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, equities analysts expect that Whiting Petroleum will post -1.09 EPS for the current year.

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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