Whiting Petroleum Corp Price Target Raised to $120.00 at Howard Weil (WLL)
Howard Weil increased their price objective on shares of Whiting Petroleum Corp (NYSE:WLL) from $112.00 to $120.00 in a research note issued on Thursday. The firm currently has a “focus stock” rating on the stock. Howard Weil’s price objective would suggest a potential upside of 36.74% from the company’s current price.
In other Whiting Petroleum Corp news, Director D Sherwin Artus unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $90.00, for a total value of $90,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on WLL. Analysts at Barclays raised their price target on shares of Whiting Petroleum Corp from $84.00 to $105.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Whiting Petroleum Corp in a research note on Friday, July 18th. They now have a $94.00 price target on the stock, up previously from $77.00. Finally, analysts at Tigress Financial initiated coverage on shares of Whiting Petroleum Corp in a research note on Wednesday, July 16th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.57.
Whiting Petroleum Corp (NYSE:WLL) opened at 87.76 on Thursday. Whiting Petroleum Corp has a one year low of $48.58 and a one year high of $91.00. The stock has a 50-day moving average of $82.52 and a 200-day moving average of $71.55. The company has a market cap of $10.440 billion and a price-to-earnings ratio of 27.02.
Whiting Petroleum Corp (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.23. The company had revenue of $835.60 million for the quarter, compared to the consensus estimate of $773.40 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. On average, analysts predict that Whiting Petroleum Corp will post $5.00 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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