Whiting Petroleum (NYSE:WLL) PT Raised to $67.00 at KeyCorp

Whiting Petroleum (NYSE:WLL) had its target price lifted by equities research analysts at KeyCorp from $64.00 to $67.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the oil and gas exploration company’s stock. KeyCorp’s price target would suggest a potential upside of 6.57% from the stock’s current price.

Other research analysts also recently issued reports about the company. Truist Securities boosted their target price on Whiting Petroleum from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 7th. Truist upped their target price on shares of Whiting Petroleum from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Wells Fargo & Company upped their price objective on shares of Whiting Petroleum from $63.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 6th. Finally, Stifel Nicolaus initiated coverage on shares of Whiting Petroleum in a research note on Thursday, October 7th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Whiting Petroleum currently has an average rating of “Buy” and a consensus target price of $58.00.

WLL opened at $62.87 on Thursday. The stock has a market cap of $2.46 billion and a price-to-earnings ratio of -112.27. Whiting Petroleum has a 1 year low of $13.68 and a 1 year high of $63.89. The stock has a fifty day moving average price of $51.38 and a 200 day moving average price of $46.94.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, August 4th. The oil and gas exploration company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.56. The business had revenue of $351.65 million during the quarter, compared to the consensus estimate of $268.87 million. As a group, research analysts forecast that Whiting Petroleum will post 11.38 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in Whiting Petroleum in the second quarter valued at approximately $33,000. Russell Investments Group Ltd. boosted its position in Whiting Petroleum by 97.4% in the second quarter. Russell Investments Group Ltd. now owns 768 shares of the oil and gas exploration company’s stock valued at $41,000 after buying an additional 379 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Whiting Petroleum in the first quarter valued at approximately $35,000. Macquarie Group Ltd. acquired a new stake in Whiting Petroleum in the second quarter valued at approximately $76,000. Finally, Advisor Group Holdings Inc. boosted its position in Whiting Petroleum by 14.4% in the second quarter. Advisor Group Holdings Inc. now owns 2,032 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 94.00% of the company’s stock.

Whiting Petroleum Company Profile

Whiting Petroleum Corp. engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.

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