Cowen and Company reiterated their buy rating on shares of Whiting Petroleum Corporation (NYSE:WLL) in a research note issued to investors on Sunday. The brokerage currently has a $8.00 price target on the oil and gas exploration company’s stock.

Several other research analysts have also recently issued reports on WLL. Goldman Sachs Group, Inc. (The) cut shares of Whiting Petroleum Corporation from a neutral rating to a sell rating and lowered their target price for the company from $11.50 to $7.25 in a report on Tuesday, May 30th. Credit Suisse Group cut shares of Whiting Petroleum Corporation from an outperform rating to a neutral rating and set a $13.00 target price for the company. in a report on Thursday, June 1st. Royal Bank Of Canada set a $12.00 target price on shares of Whiting Petroleum Corporation and gave the company a hold rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Whiting Petroleum Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Finally, Macquarie cut shares of Whiting Petroleum Corporation from an outperform rating to a neutral rating and upped their target price for the company from $5.30 to $5.70 in a report on Wednesday, June 21st. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $10.56.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 5.19 on Friday. The stock’s market cap is $1.88 billion. The company’s 50-day moving average is $4.60 and its 200-day moving average is $6.72. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter in the previous year, the business posted ($0.70) EPS. The firm’s revenue was down 7.6% on a year-over-year basis. Equities analysts anticipate that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Chicago Equity Partners LLC purchased a new stake in shares of Whiting Petroleum Corporation during the second quarter valued at approximately $102,000. Campbell & CO Investment Adviser LLC raised its stake in shares of Whiting Petroleum Corporation by 24.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 3,988 shares during the period. World Asset Management Inc raised its stake in shares of Whiting Petroleum Corporation by 4.7% during the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after purchasing an additional 570 shares during the period. Palisade Capital Management LLC NJ purchased a new stake in shares of Whiting Petroleum Corporation during the second quarter valued at approximately $121,000. Finally, Gotham Asset Management LLC raised its stake in shares of Whiting Petroleum Corporation by 22.8% during the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,566 shares during the period. Institutional investors own 84.06% of the company’s stock.

About Whiting Petroleum Corporation

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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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