Whiting Petroleum Corporation (NYSE:WLL) has been assigned a $6.00 target price by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 14.50% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Seaport Global Securities lowered shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the company from $10.00 to $4.00 in a report on Wednesday, June 21st. Tudor Pickering lowered shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Bank of America Corporation started coverage on shares of Whiting Petroleum Corporation in a report on Wednesday, July 19th. They issued an “underperform” rating and a $6.00 target price on the stock. Citigroup Inc. reduced their target price on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, ValuEngine lowered shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Whiting Petroleum Corporation currently has an average rating of “Hold” and a consensus price target of $9.71.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.24 on Tuesday. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39. The company’s 50-day moving average is $4.87 and its 200 day moving average is $6.31. The firm’s market capitalization is $1.90 billion.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business had revenue of $311.50 million for the quarter, compared to analyst estimates of $345.64 million. During the same period in the previous year, the firm earned ($0.70) EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts expect that Whiting Petroleum Corporation will post ($0.69) earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the business. Morgan Stanley grew its position in Whiting Petroleum Corporation by 85.5% in the fourth quarter. Morgan Stanley now owns 549,259 shares of the oil and gas exploration company’s stock valued at $5,186,000 after acquiring an additional 253,085 shares in the last quarter. Victory Capital Management Inc. grew its position in Whiting Petroleum Corporation by 6.1% in the third quarter. Victory Capital Management Inc. now owns 3,430,712 shares of the oil and gas exploration company’s stock valued at $29,984,000 after acquiring an additional 196,018 shares in the last quarter. Quantitative Investment Management LLC grew its position in Whiting Petroleum Corporation by 76.3% in the fourth quarter. Quantitative Investment Management LLC now owns 539,900 shares of the oil and gas exploration company’s stock valued at $5,096,000 after acquiring an additional 233,700 shares in the last quarter. Montrusco Bolton Investments grew its position in Whiting Petroleum Corporation by 114.6% in the fourth quarter. Montrusco Bolton Investments now owns 403,378 shares of the oil and gas exploration company’s stock valued at $3,779,000 after acquiring an additional 215,415 shares in the last quarter. Finally, North Star Asset Management Inc. grew its position in Whiting Petroleum Corporation by 16.0% in the fourth quarter. North Star Asset Management Inc. now owns 137,724 shares of the oil and gas exploration company’s stock valued at $1,300,000 after acquiring an additional 19,015 shares in the last quarter. 83.18% of the stock is owned by institutional investors.

Whiting Petroleum Corporation 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 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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