Whiting Petroleum Corporation (NYSE:WLL) had its price objective reduced by equities researchers at J P Morgan Chase & Co from $8.00 to $7.00 in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the oil and gas exploration company’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 16.47% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus lowered their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Citigroup Inc. lowered their price target on Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Cowen and Company set a $8.00 price target on Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. KeyCorp reaffirmed a “buy” rating and issued a $7.00 price target on shares of Whiting Petroleum Corporation in a research 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 price target on the stock in a research report on Thursday, October 12th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.13.

Shares of Whiting Petroleum Corporation (NYSE WLL) traded up 6.99% on Wednesday, reaching $6.43. The company had a trading volume of 8,684,276 shares. The firm’s market capitalization is $2.33 billion. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39. The company has a 50-day moving average price of $5.25 and a 200-day moving average price of $5.91.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted ($0.47) earnings per share. Equities research analysts forecast that Whiting Petroleum Corporation will post ($0.62) EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Proficio Capital Partners bought a new position in shares of Whiting Petroleum Corporation in the fourth quarter valued at approximately $0. Saturna Capital bought a new position in shares of Whiting Petroleum Corporation in the third quarter valued at approximately $38,000. Keybank National Association OH bought a new position in shares of Whiting Petroleum Corporation in the fourth quarter valued at approximately $121,000. Bienville Capital Management LLC raised its stake in shares of Whiting Petroleum Corporation by 1.0% in the fourth quarter. Bienville Capital Management LLC now owns 10,398 shares of the oil and gas exploration company’s stock valued at $125,000 after acquiring an additional 107 shares during the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of Whiting Petroleum Corporation by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 83.23% 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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