Cowen began coverage on shares of Whiting Petroleum (NYSE:WLL) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “market perform” rating and a $30.00 price target on the oil and gas exploration company’s stock. Cowen’s price target suggests a potential downside of 0.99% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus lowered their target price on Whiting Petroleum from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Morgan Stanley lifted their target price on Whiting Petroleum from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. R. F. Lafferty raised Whiting Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $56.00 in a research note on Wednesday, September 5th. SunTrust Banks lifted their target price on Whiting Petroleum from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, August 27th. Finally, KLR Group reaffirmed a “buy” rating and set a $64.00 target price on shares of Whiting Petroleum in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Whiting Petroleum currently has an average rating of “Buy” and a consensus target price of $51.52.
NYSE:WLL opened at $30.30 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 0.56. Whiting Petroleum has a fifty-two week low of $21.38 and a fifty-two week high of $56.47. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -23.13, a price-to-earnings-growth ratio of 1.20 and a beta of 3.02.
Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.34. Whiting Petroleum had a positive return on equity of 5.30% and a negative net margin of 31.68%. The company had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $522.00 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 74.8% on a year-over-year basis. As a group, equities analysts forecast that Whiting Petroleum will post 3.12 earnings per share for the current fiscal year.
In other Whiting Petroleum news, Director James E. Catlin sold 8,626 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $50.50, for a total value of $435,613.00. Following the transaction, the director now directly owns 57,888 shares of the company’s stock, valued at approximately $2,923,344. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William N. Hahne sold 2,300 shares of Whiting Petroleum stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $36.85, for a total value of $84,755.00. Following the completion of the transaction, the director now directly owns 20,914 shares in the company, valued at $770,680.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,481 shares of company stock worth $1,321,413. Company insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in shares of Whiting Petroleum by 240.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock valued at $172,000 after purchasing an additional 2,295 shares during the period. Advisors Preferred LLC bought a new stake in shares of Whiting Petroleum during the second quarter valued at approximately $176,000. Integrated Investment Consultants LLC bought a new stake in shares of Whiting Petroleum during the second quarter valued at approximately $178,000. Lourd Capital LLC bought a new stake in shares of Whiting Petroleum during the third quarter valued at approximately $204,000. Finally, Caxton Associates LP bought a new stake in shares of Whiting Petroleum during the third quarter valued at approximately $229,000. 95.25% of the stock is currently owned by institutional investors.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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