Sterne Agee Increases Whiting Petroleum Corp. Price Target to $86.00 (WLL)
Investment analysts at Sterne Agee increased their price objective on shares of Whiting Petroleum Corp. (NYSE:WLL) from $77.00 to $86.00 in a note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price would suggest a potential upside of 24.82% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Howard Weil raised their price target on shares of Whiting Petroleum Corp. from $82.00 to $95.00 in a research note to investors on Friday. They now have a “sector outperform” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Whiting Petroleum Corp. from $65.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Whiting Petroleum Corp. from $55.00 to $68.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $73.33.
Whiting Petroleum Corp. (NYSE:WLL) traded up 0.53% during mid-day trading on Friday, hitting $68.90. The stock had a trading volume of 2,809,770 shares. Whiting Petroleum Corp. has a 52-week low of $40.19 and a 52-week high of $55.36. The stock has a 50-day moving average of $51.19 and a 200-day moving average of $48.55. The company has a market cap of $8.175 billion and a P/E ratio of 21.13.
Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.20. The company had revenue of $830.99 million for the quarter. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis.
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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