R. F. Lafferty Reaffirms Hold Rating for Whiting Petroleum (WLL)
R. F. Lafferty reissued their hold rating on shares of Whiting Petroleum (NYSE:WLL) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm currently has a $28.00 target price on the oil and gas exploration company’s stock.
Several other equities analysts have also commented on WLL. Imperial Capital began coverage on Whiting Petroleum in a research note on Thursday, September 28th. They issued an in-line rating and a $24.00 target price for the company. Credit Suisse Group began coverage on Whiting Petroleum in a research note on Monday. They issued a neutral rating and a $29.00 target price for the company. KeyCorp reiterated a buy rating and issued a $28.00 target price on shares of Whiting Petroleum in a research note on Tuesday, September 19th. BMO Capital Markets set a $24.00 target price on Whiting Petroleum and gave the company a hold rating in a research note on Tuesday, October 10th. Finally, Cowen reiterated a buy rating and issued a $32.00 target price on shares of Whiting Petroleum in a research note on Sunday, September 17th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $33.83.
Whiting Petroleum (WLL) traded down $0.15 during trading on Tuesday, reaching $22.39. The company had a trading volume of 3,688,000 shares, compared to its average volume of 4,787,456. Whiting Petroleum has a 52-week low of $15.88 and a 52-week high of $53.48. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.
Whiting Petroleum (NYSE:WLL) last released its 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 firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.88) earnings per share. research analysts predict that Whiting Petroleum will post -2.39 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Davidson Kempner Capital Management LP purchased a new stake in shares of Whiting Petroleum in the second quarter worth about $8,265,000. Marshall Wace North America L.P. purchased a new stake in shares of Whiting Petroleum in the second quarter worth about $1,268,000. Stephens Inc. AR boosted its position in shares of Whiting Petroleum by 684.7% in the second quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock worth $3,612,000 after buying an additional 571,993 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Whiting Petroleum in the third quarter worth about $1,565,000. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Whiting Petroleum by 10.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 54,322 shares of the oil and gas exploration company’s stock worth $299,000 after buying an additional 4,930 shares during the period.
Whiting Petroleum 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.
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