Investment analysts at Credit Suisse Group started coverage on shares of Whiting Petroleum (NYSE:WLL) in a research note issued to investors on Monday, December 11th, Marketbeat reports. The brokerage set a “neutral” rating and a $29.00 price target on the oil and gas exploration company’s stock. Credit Suisse Group’s price target suggests a potential upside of 15.35% from the stock’s previous close.
Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. 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. KeyCorp reiterated a “buy” rating and issued a $28.00 price target on shares of Whiting Petroleum in a report on Friday, November 24th. Barclays increased their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Finally, Imperial Capital increased their target price on shares of Whiting Petroleum from $6.00 to $30.00 and gave the stock a “line” rating in a report on Monday, November 13th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.62.
Whiting Petroleum (NYSE:WLL) traded up $0.20 during trading on Monday, hitting $25.14. 3,255,482 shares of the stock traded hands, compared to its average volume of 5,532,395. The firm has a market capitalization of $2,262.02, a PE ratio of -3.49 and a beta of 3.40. Whiting Petroleum has a 12 month low of $15.88 and a 12 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.
A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC lifted its stake in Whiting Petroleum by 44.8% in the third 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 acquiring an additional 8,737,870 shares during the last quarter. Fine Capital Partners L.P. lifted its stake in Whiting Petroleum by 53.7% in the second 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 acquiring an additional 7,450,722 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Whiting Petroleum by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after acquiring an additional 4,483,396 shares during the last quarter. Numeric Investors LLC lifted its stake in Whiting Petroleum by 163.0% in the second quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after acquiring an additional 2,997,300 shares during the last quarter. Finally, Schneider Capital Management Corp lifted its stake in Whiting Petroleum by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after acquiring an additional 2,230,237 shares during the last quarter.
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Whiting Petroleum 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.
