Whiting Petroleum (NYSE:WLL) has been given a $35.00 target price by investment analysts at Cowen in a report issued on Thursday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Cowen’s target price would suggest a potential upside of 16.94% from the stock’s current price.

Several other brokerages have also recently issued reports on WLL. Mizuho set a $32.00 price objective on shares of Whiting Petroleum and gave the stock a “hold” rating in a research note on Tuesday. Capital One Financial raised shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Whiting Petroleum in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Whiting Petroleum in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Whiting Petroleum presently has a consensus rating of “Hold” and a consensus target price of $33.64.

Shares of Whiting Petroleum (NYSE:WLL) traded down $0.44 on Thursday, hitting $29.93. 3,170,000 shares of the stock traded hands, compared to its average volume of 4,760,000. The firm has a market cap of $2,710.00, a PE ratio of -4.17 and a beta of 3.39. 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 has a 12 month low of $15.88 and a 12 month high of $49.64.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to analysts’ expectations 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 was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.88) EPS. equities research analysts forecast that Whiting Petroleum will post -2.13 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Phoenix Investment Adviser LLC purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $457,000. State of Alaska Department of Revenue purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $138,000. Nisa Investment Advisors LLC purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $1,589,000. Wealthsource Partners LLC grew its position in 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 in the last quarter. Finally, California Public Employees Retirement System grew its position in 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 in the last quarter.

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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)