Howard Weil Increases Whiting Petroleum Corp Price Target to $98.00 (WLL)
Analysts at Howard Weil lifted their price objective on shares of Whiting Petroleum Corp (NYSE:WLL) from $95.00 to $98.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “focus stock” rating on the stock. Howard Weil’s price target indicates a potential upside of 31.86% from the company’s current price.
Whiting Petroleum Corp (NYSE:WLL) opened at 74.32 on Wednesday. Whiting Petroleum Corp has a one year low of $44.21 and a one year high of $75.90. The stock has a 50-day moving average of $72.42 and a 200-day moving average of $65.98. The company has a market cap of $8.841 billion and a price-to-earnings ratio of 22.88.
Whiting Petroleum Corp (NYSE:WLL) last released its earnings data on Wednesday, April 30th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.09. The company had revenue of $740.25 million for the quarter, compared to the consensus estimate of $691.58 million. On average, analysts predict that Whiting Petroleum Corp will post $4.66 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WLL. Analysts at Ned Davis Research upgraded shares of Whiting Petroleum Corp from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Separately, analysts at ING Group initiated coverage on shares of Whiting Petroleum Corp in a research note on Friday, May 16th. They set a “buy” rating and a $96.00 price target on the stock. Finally, analysts at Brean Capital initiated coverage on shares of Whiting Petroleum Corp in a research note on Friday, May 16th. They set a “buy” rating and a $96.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Whiting Petroleum Corp currently has a consensus rating of “Buy” and an average target price of $81.92.
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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