Whiting Petroleum (NYSE:WLL)‘s stock had its “hold” rating reissued by R. F. Lafferty in a report issued on Tuesday. They presently have a $28.00 price target on the oil and gas exploration company’s stock. R. F. Lafferty’s price target suggests a potential upside of 9.50% from the stock’s previous close.

WLL has been the topic of several other reports. Imperial Capital initiated coverage on Whiting Petroleum in a research note on Thursday, September 28th. They set an “in-line” rating and a $24.00 price objective on the stock. Credit Suisse Group initiated coverage on Whiting Petroleum in a research note on Monday. They set a “neutral” rating and a $29.00 price objective on the stock. KeyCorp restated a “buy” rating and set a $28.00 price objective on shares of Whiting Petroleum in a research note on Tuesday, September 19th. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, BMO Capital Markets set a $24.00 price objective on Whiting Petroleum and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Whiting Petroleum currently has a consensus rating of “Hold” and a consensus target price of $34.43.

Whiting Petroleum (NYSE WLL) traded up $0.43 during mid-day trading on Tuesday, hitting $25.57. 4,211,400 shares of the stock were exchanged, compared to its average volume of 4,767,201. Whiting Petroleum has a twelve month low of $15.88 and a twelve month high of $53.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealthsource Partners LLC increased its holdings in shares of Whiting Petroleum by 51.8% during the third quarter. Wealthsource Partners LLC now owns 79,875 shares of the oil and gas exploration company’s stock valued at $436,000 after purchasing an additional 27,250 shares during the period. California Public Employees Retirement System increased its holdings in shares of Whiting Petroleum by 5.9% during the third quarter. California Public Employees Retirement System now owns 685,691 shares of the oil and gas exploration company’s stock valued at $3,744,000 after purchasing an additional 37,993 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Whiting Petroleum during the third quarter valued at $133,000. Janus Henderson Group PLC increased its holdings in shares of Whiting Petroleum by 28.7% during the third quarter. Janus Henderson Group PLC now owns 1,026,744 shares of the oil and gas exploration company’s stock valued at $5,606,000 after purchasing an additional 228,987 shares during the period. Finally, DW Partners LP acquired a new position in shares of Whiting Petroleum during the third quarter valued at $10,390,000.

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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.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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