Whiting Petroleum (NYSE:WLL) has been assigned a $27.00 price objective by analysts at Robert W. Baird in a research report issued on Monday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Robert W. Baird’s price target indicates a potential upside of 13.92% from the company’s current price.
WLL has been the topic of several other reports. Imperial Capital boosted their target price on shares of Whiting Petroleum from $6.00 to $30.00 and gave the stock a “line” rating in a research report on Monday, November 13th. ValuEngine lowered shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. R. F. Lafferty restated a “hold” rating and set a $28.00 target price on shares of Whiting Petroleum in a research report on Tuesday, December 12th. Jefferies Group started coverage on shares of Whiting Petroleum in a research report on Monday, October 9th. They set a “hold” rating and a $24.00 target price on the stock. Finally, Credit Suisse Group started coverage on shares of Whiting Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $29.00 price objective on the stock. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.58.
Shares of Whiting Petroleum (WLL) traded up $0.45 during midday trading on Monday, hitting $23.70. 3,875,169 shares of the company’s stock traded hands, compared to its average volume of 6,420,000. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $53.48. 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 have recently made changes to their positions in the stock. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum in the 2nd quarter valued at about $102,000. Shell Asset Management Co. acquired a new position in Whiting Petroleum in the 3rd quarter valued at about $1,565,000. Cubist Systematic Strategies LLC acquired a new position in Whiting Petroleum in the 3rd quarter valued at about $133,000. First Allied Advisory Services Inc. raised its stake in Whiting Petroleum by 2.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Whiting Petroleum by 92.9% in the 2nd quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock valued at $147,000 after purchasing an additional 12,815 shares during the last quarter.
ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking and Market News and is the property of of American Banking and Market News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/19/robert-w-baird-reiterates-27-00-price-target-for-whiting-petroleum-wll.html.
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.
