Shares of Whiting Petroleum Corp. (NYSE:WLL) have been given a consensus recommendation of “Hold” by the thirty-six analysts that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.79.

A number of brokerages have commented on WLL. Goldman Sachs Group Inc. downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.75 to $12.75 in a research report on Wednesday, July 6th. Vetr downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating and set a $13.78 target price on the stock. in a research report on Tuesday, June 7th. Wunderlich dropped their target price on shares of Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, June 28th. Barclays PLC dropped their target price on shares of Whiting Petroleum Corp. from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a research report on Wednesday, July 6th.

Whiting Petroleum Corp. (NYSE:WLL) opened at 7.47 on Monday. The stock’s market cap is $2.06 billion. The firm has a 50-day moving average of $7.60 and a 200-day moving average of $9.31. Whiting Petroleum Corp. has a 12-month low of $3.35 and a 12-month high of $22.80.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The firm earned $339.58 million during the quarter, compared to analysts’ expectations of $374.83 million. During the same period in the prior year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 42.4% on a year-over-year basis. Equities analysts predict that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Investors Capital Advisory Services acquired a new position in shares of Whiting Petroleum Corp. during the second quarter worth $113,000. Comerica Bank boosted its position in shares of Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares during the period. Baird Financial Group Inc. boosted its position in shares of Whiting Petroleum Corp. by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock worth $121,000 after buying an additional 2,000 shares during the period. Profund Advisors LLC acquired a new position in shares of Whiting Petroleum Corp. during the second quarter worth $128,000. Finally, Sigma Planning Corp boosted its position in shares of Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 3,471 shares during the period. 77.29% of the stock is currently owned by hedge funds and other institutional investors.

Whiting Petroleum Corp. 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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