Whiting Petroleum Corporation (NYSE:WLL) had its target price upped by equities researchers at Imperial Capital from $6.00 to $30.00 in a research note issued on Monday. The firm presently has a “line” rating on the oil and gas exploration company’s stock. Imperial Capital’s price objective would suggest a potential upside of 16.55% from the company’s current price.

WLL has been the topic of several other research reports. Piper Jaffray Companies dropped their target price on shares of Whiting Petroleum Corporation from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Morgan Stanley lowered shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and issued a $32.00 target price on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. KeyCorp reiterated a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Finally, Citigroup Inc. dropped their target price on shares of Whiting Petroleum Corporation from $44.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.65.

Whiting Petroleum Corporation (WLL) traded down $2.16 during mid-day trading on Monday, reaching $25.74. 10,787,000 shares of the company traded hands, compared to its average volume of 4,645,927. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corporation has a 52 week low of $15.88 and a 52 week high of $53.56.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum Corporation had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned ($1.88) earnings per share. research analysts predict that Whiting Petroleum Corporation will post -2.41 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its position in Whiting Petroleum Corporation by 1.4% in the 2nd quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock valued at $156,000 after purchasing an additional 388 shares during the last quarter. First Allied Advisory Services Inc. raised its position in Whiting Petroleum Corporation by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares during the last quarter. Sentinel Trust Co. LBA raised its position in Whiting Petroleum Corporation by 0.6% during the 2nd quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock worth $835,000 after buying an additional 850 shares during the last quarter. MML Investors Services LLC raised its position in Whiting Petroleum Corporation by 1.9% during the 2nd quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock worth $260,000 after buying an additional 895 shares during the last quarter. Finally, HL Financial Services LLC raised its position in Whiting Petroleum Corporation by 2.1% during the 2nd quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock worth $274,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

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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