Shares of Whiting Petroleum Corporation (NYSE:WLL) have received a consensus recommendation of “Hold” from the thirty-one research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.33.

A number of brokerages have issued reports on WLL. FBR & Co reduced their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating on the stock in a report on Wednesday, May 10th. R. F. Lafferty raised their price target on Whiting Petroleum Corporation from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. BMO Capital Markets set a $10.00 price target on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Monday, May 15th. Seaport Global Securities lowered Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $10.00 to $4.00 in a research report on Wednesday, June 21st. Finally, Credit Suisse Group lowered Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Thursday, June 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Whiting Petroleum Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock valued at $18,985,000 after buying an additional 77,223 shares in the last quarter. Stephens Inc. AR bought a new stake in Whiting Petroleum Corporation during the first quarter valued at about $790,000. Teacher Retirement System of Texas boosted its stake in Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after buying an additional 487 shares in the last quarter. Wellington Management Group LLP boosted its stake in Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after buying an additional 617,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after buying an additional 10,428,144 shares in the last quarter. Institutional investors own 82.63% of the company’s stock.

Whiting Petroleum Corporation (WLL) traded down 0.82% during mid-day trading on Tuesday, reaching $4.86. The company’s stock had a trading volume of 14,320,382 shares. The stock’s 50 day moving average is $5.38 and its 200 day moving average is $8.35. The company’s market cap is $1.76 billion. Whiting Petroleum Corporation has a 12 month low of $4.80 and a 12 month high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter last year, the business earned ($0.70) earnings per share. The company’s revenue was down 7.6% compared to the same quarter last year. Equities research analysts predict that Whiting Petroleum Corporation will post ($0.71) EPS for the current year.

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About Whiting Petroleum Corporation

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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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