Whiting Petroleum Corp. Price Target Raised to $77.00 at Susquehanna (WLL)
Stock analysts at Susquehanna raised their price objective on shares of Whiting Petroleum Corp. (NYSE:WLL) from $71.00 to $77.00 in a report issued on Wednesday, American Banking News.com reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 14.75% from the company’s current price.
WLL has been the subject of a number of other recent research reports. Analysts at Sterne Agee reiterated a “buy” rating on shares of Whiting Petroleum Corp. in a research note to investors on Wednesday. They now have a $77.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Whiting Petroleum Corp. from $55.00 to $68.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Whiting Petroleum Corp. from $55.00 to $75.00 in a research note to investors on Thursday, October 10th. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $66.89.
Shares of Whiting Petroleum Corp. (NYSE:WLL) traded up 2.58% during mid-day trading on Wednesday, hitting $67.10. The stock had a trading volume of 3,297,772 shares. Whiting Petroleum Corp. has a 52-week low of $40.19 and a 52-week high of $65.97. The stock’s 50-day moving average is $57.10 and its 200-day moving average is $50.18. The company has a market cap of $7.962 billion and a P/E ratio of 20.17.
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 last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 32.1% compared to the same quarter last year. On average, analysts predict that Whiting Petroleum Corp. will post $4.04 earnings per share for the current fiscal year.
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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