Shares of Whiting Petroleum Corporation (NYSE:WLL) have earned an average recommendation of “Hold” from the thirty-four brokerages that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.40.

WLL has been the subject of several research reports. Stifel Nicolaus reduced their target price on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, July 27th. Citigroup Inc. reduced their target price on Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Cowen and Company set a $8.00 target price on Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. KeyCorp reissued a “buy” rating and issued a $7.00 target price on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Finally, Zacks Investment Research raised Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a report on Thursday, October 12th.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC acquired a new stake in shares of Whiting Petroleum Corporation in the 2nd quarter worth approximately $102,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 3,988 shares during the period. Palisade Capital Management LLC NJ acquired a new stake in shares of Whiting Petroleum Corporation in the 2nd quarter worth approximately $121,000. Gotham Asset Management LLC grew its holdings in shares of Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after acquiring an additional 2,566 shares during the period. Finally, Private Capital Management Inc. grew its holdings in shares of Whiting Petroleum Corporation by 25.0% in the 2nd quarter. Private Capital Management Inc. now owns 25,000 shares of the oil and gas exploration company’s stock worth $138,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 82.86% of the company’s stock.

Whiting Petroleum Corporation (WLL) traded up 1.39% during midday trading on Friday, reaching $5.10. The company’s stock had a trading volume of 8,680,084 shares. The stock’s 50-day moving average price is $5.07 and its 200 day moving average price is $6.13. Whiting Petroleum Corporation has a 1-year low of $3.97 and a 1-year high of $13.39. The firm’s market capitalization is $1.88 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) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.70) EPS. Equities analysts anticipate that Whiting Petroleum Corporation will post ($0.68) EPS for the current fiscal year.

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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