Royal Bank Of Canada Boosts Whiting Petroleum Corp. (WLL) Price Target to $12.00
Whiting Petroleum Corp. (NYSE:WLL) had its price target upped by Royal Bank Of Canada from $10.00 to $12.00 in a research report report published on Friday. They currently have a sector perform rating on the oil and gas exploration company’s stock.
A number of other research firms have also weighed in on WLL. Vetr raised Whiting Petroleum Corp. from a buy rating to a strong-buy rating and set a $11.03 price objective on the stock in a research note on Monday, October 31st. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $10.00 price target on shares of Whiting Petroleum Corp. in a research note on Friday, November 11th. Cantor Fitzgerald reaffirmed a hold rating on shares of Whiting Petroleum Corp. in a research note on Sunday, August 14th. Barclays PLC decreased their price target on Whiting Petroleum Corp. from $12.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, July 29th. Finally, KLR Group reaffirmed a buy rating and issued a $15.00 price target (down previously from $18.00) on shares of Whiting Petroleum Corp. in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $12.07.
Whiting Petroleum Corp. (NYSE:WLL) opened at 9.38 on Friday. The stock’s market cap is $2.63 billion. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $17.04. The firm has a 50-day moving average price of $8.85 and a 200 day moving average price of $9.06.
Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.07. The company had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s quarterly revenue was down 74.6% on a year-over-year basis. During the same period last year, the firm posted ($0.17) EPS. On average, equities research analysts anticipate that Whiting Petroleum Corp. will post ($2.19) EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Whiting Petroleum Corp. by 116.1% in the first quarter. Renaissance Technologies LLC now owns 1,893,076 shares of the oil and gas exploration company’s stock valued at $15,107,000 after buying an additional 1,017,014 shares during the last quarter. Carl Domino Inc increased its position in Whiting Petroleum Corp. by 60.0% in the second quarter. Carl Domino Inc now owns 16,000 shares of the oil and gas exploration company’s stock valued at $148,000 after buying an additional 6,000 shares during the last quarter. Cedar Hill Associates LLC increased its position in Whiting Petroleum Corp. by 0.9% in the second quarter. Cedar Hill Associates LLC now owns 104,800 shares of the oil and gas exploration company’s stock valued at $970,000 after buying an additional 975 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Whiting Petroleum Corp. during the second quarter valued at $144,000. Finally, Sigma Planning Corp increased its position in 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 valued at $130,000 after buying an additional 3,471 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.
About Whiting Petroleum Corp.
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.
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