Whiting Petroleum Corp Upgraded to Buy by KLR Group (WLL)
Whiting Petroleum Corp (NYSE:WLL) was upgraded by KLR Group from an “accumulate” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on WLL. Analysts at BMO Capital Markets raised their price target on shares of Whiting Petroleum Corp from $70.00 to $75.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Whiting Petroleum Corp from $70.00 to $80.00 in a research note on Thursday. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Whiting Petroleum Corp in a research note on Monday, February 3rd. They now have a $75.00 price target on the stock, down previously from $76.00. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.59.
Shares of Whiting Petroleum Corp (NYSE:WLL) opened at 68.41 on Friday. Whiting Petroleum Corp has a 52 week low of $42.44 and a 52 week high of $70.57. The stock’s 50-day moving average is $59.85 and its 200-day moving average is $59.57. The company has a market cap of $8.117 billion and a P/E ratio of 14.81.
Whiting Petroleum Corp (NYSE:WLL) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.88 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.88. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $683.45 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts expect that Whiting Petroleum Corp will post $4.02 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.