Whiting Petroleum Corp. (NYSE:WLL)‘s stock had its “hold” rating reissued by RBC Capital Markets in a note issued to investors on Friday. They currently have a $12.00 price target on the oil and gas exploration company’s stock, up from their previous price target of $10.00. RBC Capital Markets’ price target would indicate a potential upside of 19.28% from the company’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley dropped their price target on shares of Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Canaccord Genuity restated a “buy” rating and set a $13.00 price target on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Cantor Fitzgerald restated a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Sunday, August 14th. Finally, Citigroup Inc. dropped their price target on shares of Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.07.

Analyst Recommendations for Whiting Petroleum Corp. (NYSE:WLL)

Whiting Petroleum Corp. (NYSE:WLL) opened at 9.68 on Friday. The firm’s market cap is $2.71 billion. The firm has a 50 day moving average of $8.85 and a 200-day moving average of $9.06. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $17.04.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The company had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. During the same quarter last year, the firm posted ($0.17) earnings per share. The firm’s quarterly revenue was down 74.6% compared to the same quarter last year. Equities research analysts forecast that Whiting Petroleum Corp. will post ($2.19) EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of WLL. Clinton Group Inc. acquired a new stake in Whiting Petroleum Corp. during the third quarter valued at approximately $102,000. Moors & Cabot Inc. increased its stake in Whiting Petroleum Corp. by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc acquired a new stake in Whiting Petroleum Corp. during the third quarter valued at approximately $110,000. Investors Capital Advisory Services acquired a new stake in Whiting Petroleum Corp. during the second quarter valued at approximately $113,000. Finally, Comerica Bank increased its stake in 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 valued at $116,000 after buying an additional 709 shares in the last quarter. 93.86% of the stock is owned by 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.

5 Day Chart for NYSE:WLL

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