Whiting Petroleum Corp. (WLL) Given a $20.00 Price Target at SunTrust Banks Inc.
Whiting Petroleum Corp. (NYSE:WLL) has been given a $20.00 price objective by stock analysts at SunTrust Banks Inc. in a research note issued to investors on Monday. The brokerage presently has a a “buy” rating on the oil and gas exploration company’s stock. SunTrust Banks Inc.’s price target would indicate a potential upside of 112.54% from the company’s previous close.
A number of other equities analysts also recently issued reports on WLL. Vetr raised shares of Whiting Petroleum Corp. from a “hold” rating to a “strong-buy” rating and set a $13.87 price objective on the stock in a report on Monday, June 13th. Deutsche Bank AG lifted their price objective on shares of Whiting Petroleum Corp. from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Morgan Stanley raised shares of Whiting Petroleum Corp. from an “underweight” rating to an “equal weight” rating and set a $13.00 price target on the stock in a report on Friday, June 24th. Wunderlich cut their price target on shares of Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, June 28th. Finally, KLR Group reissued a “buy” rating and issued a $15.00 price target (down from $19.00) on shares of Whiting Petroleum Corp. in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $13.16.
Whiting Petroleum Corp. (NYSE:WLL) traded down 3.19% during midday trading on Monday, hitting $9.11. 15,195,257 shares of the company traded hands. Whiting Petroleum Corp. has a 12-month low of $3.35 and a 12-month high of $20.77. The stock’s 50-day moving average is $7.83 and its 200-day moving average is $9.35. The firm’s market capitalization is $2.51 billion.
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Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. The firm had revenue of $339.58 million for the quarter, compared to analysts’ expectations of $374.83 million. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. Whiting Petroleum Corp.’s revenue was down 42.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Analysts anticipate that Whiting Petroleum Corp. will post ($2.04) EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock valued at $161,853,000 after buying an additional 2,961,485 shares during the period. Third Point LLC bought a new stake in Whiting Petroleum Corp. during the second quarter valued at approximately $75,932,000. Mackenzie Financial Corp raised its stake in Whiting Petroleum Corp. by 9.7% in the second quarter. Mackenzie Financial Corp now owns 4,828,528 shares of the oil and gas exploration company’s stock valued at $44,712,000 after buying an additional 427,683 shares during the period. Dimensional Fund Advisors LP raised its stake in Whiting Petroleum Corp. by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,744,644 shares of the oil and gas exploration company’s stock valued at $43,941,000 after buying an additional 1,103,057 shares during the period. Finally, First Trust Advisors LP raised its stake in Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock valued at $37,058,000 after buying an additional 1,772,115 shares during the period. 77.29% of the stock is currently owned by hedge funds and other institutional investors.
Whiting Petroleum Corp. Company Profile
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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