Whiting Petroleum Corp. Upgraded to Focus Stock at Howard Weil (WLL)
Whiting Petroleum Corp. (NYSE:WLL) was upgraded by analysts at Howard Weil from an “outperform” rating to a “focus stock” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $95.00 target price on the stock. Howard Weil’s price target would suggest a potential upside of 60.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Whiting Petroleum Corp. from $68.00 to $63.00 in a research note to investors on Monday, December 9th. They now have a “hold” rating on the stock. Separately, analysts at Merrill Lynch reiterated a “buy” rating on shares of Whiting Petroleum Corp. in a research note to investors on Tuesday, November 26th. Finally, analysts at Bank of America Corp. initiated coverage on shares of Whiting Petroleum Corp. in a research note to investors on Tuesday, November 26th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Whiting Petroleum Corp. presently has an average rating of “Buy” and an average target price of $73.95.
Whiting Petroleum Corp. (NYSE:WLL) traded up 0.98% during mid-day trading on Wednesday, hitting $59.87. 413,255 shares of the company’s stock traded hands. Whiting Petroleum Corp. has a 1-year low of $42.44 and a 1-year high of $70.57. The stock has a 50-day moving average of $60.39 and a 200-day moving average of $56.96. The company has a market cap of $7.104 billion and a P/E ratio of 13.96.
Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.20. The company had revenue of $830.99 million for the quarter. During the same quarter last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 56.6% compared to the same quarter last year. On average, analysts predict that Whiting Petroleum Corp. will post $4.22 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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