Whiting Petroleum Corp Rating Reiterated by SunTrust (WLL)
Whiting Petroleum Corp (NYSE:WLL)‘s stock had its “buy” rating restated by equities researchers at SunTrust in a research report issued on Monday. They currently have a $117.00 price target on the stock, up from their previous price target of $114.00. SunTrust’s price target suggests a potential upside of 38.63% from the stock’s previous close.
Whiting Petroleum Corp (NYSE:WLL) traded up 2.30% on Monday, hitting $86.34. The stock had a trading volume of 1,131,392 shares. Whiting Petroleum Corp has a 1-year low of $48.58 and a 1-year high of $91.00. The stock’s 50-day moving average is $83.0 and its 200-day moving average is $71.8. The company has a market cap of $10.273 billion and a price-to-earnings ratio of 25.01.
Whiting Petroleum Corp (NYSE:WLL) last posted its quarterly earnings results 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. Analysts expect that Whiting Petroleum Corp will post $5.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Whiting Petroleum Corp from $80.00 to $105.00 in a research note on Friday. Separately, analysts at Barclays raised their price target on shares of Whiting Petroleum Corp from $105.00 to $113.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Whiting Petroleum Corp from $102.00 to $114.00 in a research note on Thursday. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.35.
In other Whiting Petroleum Corp news, Director D Sherwin Artus sold 1,000 shares of Whiting Petroleum Corp stock on the open market in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $90.00, for a total value of $90,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
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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