Whiting Petroleum Corp. Price Target Raised to $77.00 at Sterne Agee (WLL)
Stock analysts at Sterne Agee increased their price target on shares of Whiting Petroleum Corp. (NYSE:WLL) from $62.00 to $77.00 in a report issued on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would suggest a potential upside of 23.08% from the company’s current price.
Shares of Whiting Petroleum Corp. (NYSE:WLL) traded down 2.71% during mid-day trading on Monday, hitting $62.56. The stock had a trading volume of 3,109,258 shares. Whiting Petroleum Corp. has a 52 week low of $40.19 and a 52 week high of $64.89. The stock has a 50-day moving average of $54.33 and a 200-day moving average of $49.51. The company has a market cap of $7.423 billion and a price-to-earnings ratio of 19.83. Whiting Petroleum Corp. also was the recipient of some unusual options trading on Friday. Stock traders acquired 9,661 call options on the stock. This is an increase of 146% compared to the average daily volume of 3,926 call options.
Whiting Petroleum Corp. (NYSE:WLL) last announced its earnings results on Wednesday, July 24th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.40. The company had revenue of $663.60 million for the quarter, compared to the consensus estimate of $580.76 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens downgraded shares of Whiting Petroleum Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Separately, analysts at SunTrust raised their price target on shares of Whiting Petroleum Corp. from $69.00 to $92.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Whiting Petroleum Corp. from $57.00 to $75.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Whiting Petroleum Corp. presently has a consensus rating of “Buy” and a consensus price target of $65.28.
Whiting Petroleum Corporation (NYSE:WLL) is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.
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