Whiting Petroleum (WLL) PT Set at $35.00 by KeyCorp

Whiting Petroleum (NYSE:WLL) has been given a $35.00 target price by equities researchers at KeyCorp in a report released on Sunday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s target price points to a potential upside of 13.49% from the stock’s previous close.

Several other brokerages have also issued reports on WLL. Cowen set a $35.00 price target on Whiting Petroleum and gave the stock a “buy” rating in a research note on Thursday. Mizuho set a $32.00 price target on Whiting Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Capital One Financial raised Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $33.00 price target on shares of Whiting Petroleum in a research note on Thursday, January 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $40.00 price target on shares of Whiting Petroleum in a research note on Tuesday, January 9th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.89.

Shares of Whiting Petroleum (NYSE WLL) traded up $0.91 during mid-day trading on Friday, reaching $30.84. The company’s stock had a trading volume of 4,095,796 shares, compared to its average volume of 4,744,285. 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 52-week low of $15.88 and a 52-week high of $49.64. The company has a market capitalization of $2,800.00, a price-to-earnings ratio of -4.30 and a beta of 3.39.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results 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. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same quarter in the previous year, the company posted ($1.88) earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. equities analysts expect that Whiting Petroleum will post -2.25 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WLL. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Whiting Petroleum by 44.8% in 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 acquiring an additional 8,737,870 shares during the last quarter. Fine Capital Partners L.P. increased its holdings 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. Dimensional Fund Advisors LP increased its holdings in Whiting Petroleum by 21.0% during the 2nd 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 purchasing an additional 4,483,396 shares during the period. Numeric Investors LLC increased its holdings in Whiting Petroleum by 163.0% during the 2nd 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 purchasing an additional 2,997,300 shares during the period. Finally, Schneider Capital Management Corp increased its holdings in Whiting Petroleum by 63.7% during the 2nd 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 purchasing an additional 2,230,237 shares during the period.

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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.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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