Whiting Petroleum Corporation (NYSE:WLL) has been given a $5.00 price target by equities research analysts at Barclays PLC in a research report issued on Wednesday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Barclays PLC’s price objective points to a potential downside of 4.58% from the stock’s previous close.

WLL has been the topic of several other reports. BMO Capital Markets restated a “hold” rating and set a $10.00 target price on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. ValuEngine downgraded Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Jefferies Group LLC assumed coverage on Whiting Petroleum Corporation in a research note on Monday. They set a “hold” rating and a $6.00 price target on the stock. Zacks Investment Research downgraded Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus dropped their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.53.

Whiting Petroleum Corporation (WLL) traded up 1.431% during midday trading on Wednesday, hitting $5.315. The company had a trading volume of 15,481,339 shares. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The stock’s market capitalization is $1.96 billion. The stock has a 50 day moving average price of $4.88 and a 200-day moving average price of $6.31.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $345.64 million. During the same period in the previous year, the business earned ($0.70) EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities analysts predict that Whiting Petroleum Corporation will post ($0.69) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Barclays PLC Analysts Give Whiting Petroleum Corporation (WLL) a $5.00 Price Target” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/11/barclays-plc-cuts-whiting-petroleum-corporation-wll-price-target-to-5-00.html.

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Whiting Petroleum Corporation by 4.0% during 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 acquiring an additional 77,223 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Whiting Petroleum Corporation by 2.2% during 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 acquiring an additional 487 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Whiting Petroleum Corporation by 218.9% during 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 acquiring an additional 617,558 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Whiting Petroleum Corporation during the second quarter valued at approximately $1,268,000. Finally, Stephens Inc. AR raised its holdings in shares of Whiting Petroleum Corporation by 684.7% during the second quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock valued at $3,612,000 after acquiring an additional 571,993 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Whiting Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.