ValuEngine Lowers Whiting Petroleum (WLL) to Strong Sell

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

WLL has been the subject of several other research reports. Imperial Capital raised their price target on shares of Whiting Petroleum from $6.00 to $30.00 and gave the company a “line” rating in a research note on Monday, November 13th. KeyCorp set a $35.00 price target on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Sunday, January 21st. R. F. Lafferty reaffirmed a “hold” rating and set a $28.00 price target on shares of Whiting Petroleum in a research note on Tuesday, December 12th. Jefferies Group began coverage on shares of Whiting Petroleum in a research note on Monday, October 9th. They set a “hold” rating and a $24.00 price target for the company. Finally, Credit Suisse Group began coverage on shares of Whiting Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $29.00 price target for the company. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Whiting Petroleum currently has an average rating of “Hold” and an average target price of $34.28.

Whiting Petroleum (WLL) opened at $26.96 on Friday. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $47.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in Whiting Petroleum during the third quarter worth $133,000. First Allied Advisory Services Inc. raised its stake in Whiting Petroleum by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Whiting Petroleum during the fourth quarter worth $138,000. Gotham Asset Management LLC grew its holdings in Whiting Petroleum by 92.9% in the second quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after purchasing an additional 12,815 shares during the period. Finally, Advisor Group Inc. grew its holdings in Whiting Petroleum by 167.2% in the third quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock worth $154,000 after purchasing an additional 17,604 shares during the period.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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