Whiting Petroleum Corporation (NYSE:WLL)‘s stock had its “buy” rating restated by equities researchers at Cowen and Company in a report issued on Sunday. They currently have a $8.00 target price on the oil and gas exploration company’s stock. Cowen and Company’s price objective points to a potential upside of 64.61% from the stock’s previous close.

Several other analysts also recently commented on the stock. Morgan Stanley downgraded shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $5.00 to $3.50 in a report on Tuesday, September 12th. Tudor Pickering downgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating on shares of Whiting Petroleum Corporation in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.99.

Whiting Petroleum Corporation (NYSE WLL) opened at 4.86 on Friday. Whiting Petroleum Corporation has a 12 month low of $3.97 and a 12 month high of $13.39. The company’s market cap is $1.76 billion. The stock has a 50 day moving average of $4.62 and a 200-day moving average of $6.87.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.70) earnings per share. Equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in WLL. Nationwide Fund Advisors boosted its position in shares of Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Whiting Petroleum Corporation by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 25,498 shares of the oil and gas exploration company’s stock valued at $241,000 after acquiring an additional 4,469 shares during the period. Swiss National Bank boosted its position in shares of Whiting Petroleum Corporation by 3.5% in the first quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock valued at $4,432,000 after acquiring an additional 15,800 shares during the period. World Asset Management Inc boosted its position in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after acquiring an additional 570 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Whiting Petroleum Corporation in the first quarter valued at approximately $1,090,000. Institutional investors own 83.96% of the company’s stock.

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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