Whiting Petroleum Corp Receives Average Recommendation of “Buy” from Analysts (NYSE:WLL)
Shares of Whiting Petroleum Corp (NYSE:WLL) have been given an average recommendation of “Buy” by the twenty-eight ratings firms that are presently covering the company, American Banking News.com reports. Five equities research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $98.05.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded up 1.98% during mid-day trading on Monday, hitting $90.17. 426,694 shares of the company’s stock traded hands. Whiting Petroleum Corp has a 1-year low of $50.20 and a 1-year high of $91.00. The stock has a 50-day moving average of $85.72 and a 200-day moving average of $74.65. The company has a market cap of $10.729 billion and a P/E ratio of 26.21.
Whiting Petroleum Corp (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts predict that Whiting Petroleum Corp will post $5.21 earnings per share for the current fiscal year.
WLL has been the subject of a number of recent research reports. Analysts at Macquarie raised their price target on shares of Whiting Petroleum Corp from $102.00 to $119.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Whiting Petroleum Corp in a research note on Monday, August 4th. They now have a $117.00 price target on the stock, up previously from $114.00. Finally, 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, August 1st.
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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