Whiting Petroleum Corporation (NYSE:WLL) has been assigned a $4.00 price objective by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday. The brokerage presently has a “sell” rating on the oil and gas exploration company’s stock. Morgan Stanley’s target price points to a potential downside of 20.48% from the stock’s previous close.

WLL has been the subject of a number of other reports. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. ValuEngine cut Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Jefferies Group LLC began coverage on Whiting Petroleum Corporation in a research note on Monday, October 9th. They issued a “hold” rating and a $6.00 price target for the company. Zacks Investment Research cut Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus decreased their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Thursday, July 27th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.40.

Whiting Petroleum Corporation (NYSE WLL) opened at 5.03 on Wednesday. The stock’s market cap is $1.82 billion. The firm has a 50-day moving average price of $5.05 and a 200-day moving average price of $6.16. Whiting Petroleum Corporation has a 12 month low of $3.97 and a 12 month high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. During the same period last year, the business posted ($0.70) earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. Equities research analysts expect that Whiting Petroleum Corporation will post ($0.68) earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of WLL. Nationwide Fund Advisors boosted its stake in shares of Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock worth $421,000 after acquiring an additional 5,717 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Whiting Petroleum Corporation by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock worth $190,000 after acquiring an additional 2,088 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Whiting Petroleum Corporation by 155.5% in the first quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock worth $878,000 after acquiring an additional 56,500 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Whiting Petroleum Corporation by 6.9% in the first quarter. Principal Financial Group Inc. now owns 35,718 shares of the oil and gas exploration company’s stock worth $338,000 after acquiring an additional 2,320 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after acquiring an additional 617,558 shares during the last quarter. 82.86% of the stock is currently owned by hedge funds and other institutional investors.

Whiting Petroleum Corporation 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 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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