Whiting Petroleum Corp Receives Consensus Rating of “Buy” from Analysts (NYSE:WLL)
Whiting Petroleum Corp (NYSE:WLL) has earned an average rating of “Buy” from the twenty-eight brokerages that are covering the stock, American Banking News.com reports. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $98.05.
A number of research firms have recently commented on WLL. 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 Corp (NYSE:WLL) opened at 90.26 on Monday. Whiting Petroleum Corp has a one year low of $50.24 and a one year high of $92.22. The stock has a 50-day moving average of $86.76 and a 200-day moving average of $75.62. The company has a market cap of $10.739 billion and a price-to-earnings ratio of 27.01.
Whiting Petroleum Corp (NYSE:WLL) last released its 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 $5.21 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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