Whiting Petroleum (NYSE:WLL) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Several other brokerages have also issued reports on WLL. Robert W. Baird boosted their price target on shares of Whiting Petroleum from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Cowen reissued a “buy” rating and issued a $32.00 price target on shares of Whiting Petroleum in a report on Friday, November 10th. Imperial Capital lowered their price target on shares of Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating on the stock in a report on Monday, November 13th. J P Morgan Chase & Co lowered their price target on shares of Whiting Petroleum from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Finally, Mizuho set a $26.00 price target on shares of Whiting Petroleum and gave the company a “hold” rating in a report on Friday, November 24th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Whiting Petroleum has a consensus rating of “Hold” and an average price target of $36.27.

Shares of Whiting Petroleum (NYSE WLL) traded up $0.91 during trading on Friday, reaching $25.86. 7,506,012 shares of the company’s stock traded hands, compared to its average volume of 4,762,896. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $53.48.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.88) EPS. analysts expect that Whiting Petroleum will post -2.39 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in WLL. Dimensional Fund Advisors LP lifted its position in Whiting Petroleum by 95.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after purchasing an additional 10,428,144 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares during the period. Fine Capital Partners L.P. lifted its position in Whiting Petroleum by 53.7% during the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after purchasing an additional 7,450,722 shares during the period. Vanguard Group Inc. lifted its position in Whiting Petroleum by 28.6% during the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock valued at $264,116,000 after purchasing an additional 6,211,479 shares during the period. Finally, Norges Bank acquired a new position in Whiting Petroleum during the 4th quarter valued at about $38,888,000.

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About Whiting Petroleum

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.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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