Stephens initiated coverage on shares of Whiting Petroleum (NYSE:WLL) in a research report report published on Thursday, MarketBeat reports. The brokerage issued an overweight rating and a $54.00 price objective on the oil and gas exploration company’s stock.

WLL has been the topic of a number of other research reports. Wells Fargo & Co raised shares of Whiting Petroleum from a market perform rating to an outperform rating and set a $67.00 price target on the stock in a report on Tuesday, October 23rd. Capital One Financial lowered shares of Whiting Petroleum from an overweight rating to an equal weight rating and set a $54.00 price target on the stock. in a report on Monday, October 8th. Oppenheimer initiated coverage on shares of Whiting Petroleum in a report on Wednesday, October 3rd. They issued an outperform rating and a $67.00 price target on the stock. Zacks Investment Research lowered shares of Whiting Petroleum from a buy rating to a hold rating in a report on Saturday, November 17th. Finally, SunTrust Banks increased their price target on shares of Whiting Petroleum from $70.00 to $75.00 and gave the stock a buy rating in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $50.07.

Whiting Petroleum stock opened at $29.90 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $2.72 billion, a P/E ratio of -22.82, a PEG ratio of 1.19 and a beta of 3.04. Whiting Petroleum has a 1-year low of $21.38 and a 1-year high of $56.47.

Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.34. The business had revenue of $566.70 million for the quarter, compared to analyst estimates of $522.00 million. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. Whiting Petroleum’s revenue was up 74.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. Research analysts expect that Whiting Petroleum will post 3.13 EPS for the current year.

In other news, insider Rick A. Mr. Ross sold 2,079 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the completion of the sale, the insider now owns 73,536 shares of the company’s stock, valued at approximately $4,045,215.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William N. Hahne sold 2,300 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $36.85, for a total transaction of $84,755.00. Following the completion of the sale, the director now directly owns 20,914 shares of the company’s stock, valued at approximately $770,680.90. The disclosure for this sale can be found here. Insiders sold a total of 16,855 shares of company stock valued at $885,800 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WLL. FMR LLC boosted its position in Whiting Petroleum by 79.9% during the 2nd quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock valued at $696,101,000 after buying an additional 5,865,141 shares during the period. Renaissance Technologies LLC purchased a new stake in Whiting Petroleum during the 2nd quarter valued at $48,052,000. AQR Capital Management LLC boosted its position in Whiting Petroleum by 604.5% during the 3rd quarter. AQR Capital Management LLC now owns 911,874 shares of the oil and gas exploration company’s stock valued at $48,366,000 after buying an additional 782,430 shares during the period. Deutsche Bank AG boosted its position in Whiting Petroleum by 46.4% during the 3rd quarter. Deutsche Bank AG now owns 1,473,323 shares of the oil and gas exploration company’s stock valued at $78,143,000 after buying an additional 467,197 shares during the period. Finally, TCW Group Inc. boosted its position in Whiting Petroleum by 1,197.8% during the 3rd quarter. TCW Group Inc. now owns 506,077 shares of the oil and gas exploration company’s stock valued at $26,842,000 after buying an additional 467,082 shares during the period. 94.71% of the stock is owned by institutional investors.

About Whiting Petroleum

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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