Whiting Petroleum Corp Sets New 52-Week High on Analyst Upgrade (WLL)
Shares of Whiting Petroleum Corp (NYSE:WLL) reached a new 52-week high during mid-day trading on Wednesday after Howard Weil raised their price target on the stock from $95.00 to $98.00, Analyst RN reports. Howard Weil currently has a focus stock rating on the stock. Whiting Petroleum Corp traded as high as $76.80 and last traded at $76.63, with a volume of 762,936 shares traded. The stock had previously closed at $74.32.
WLL has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Whiting Petroleum Corp currently has an average rating of “Buy” and a consensus target price of $81.92.
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 $9.113 billion and a P/E 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.
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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