Whiting Petroleum (NYSE:WLL) had its price target reduced by Credit Suisse Group from to in a research report sent to investors on Thursday morning, The Fly reports.

Several other research analysts have also commented on the company. Imperial Capital reiterated an in-line rating and issued a $10.00 target price (down previously from $15.00) on shares of Whiting Petroleum in a research report on Thursday, November 7th. ValuEngine upgraded Whiting Petroleum from a hold rating to a buy rating in a research report on Friday, January 3rd. Tudor Pickering lowered Whiting Petroleum from a hold rating to a sell rating in a research report on Wednesday, February 5th. Barclays reiterated a hold rating and issued a $5.00 target price on shares of Whiting Petroleum in a research report on Sunday, December 8th. Finally, S&P Equity Research decreased their target price on Whiting Petroleum from $6.60 to $6.14 in a research report on Tuesday, December 17th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $11.68.

Shares of WLL traded up $0.04 during mid-day trading on Thursday, hitting $2.92. The stock had a trading volume of 10,670,835 shares, compared to its average volume of 11,890,017. The company has a market cap of $338.72 million, a PE ratio of 2.45 and a beta of 3.36. The company’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $7.08. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a fifty-two week low of $1.81 and a fifty-two week high of $30.94.

Several hedge funds and other institutional investors have recently made changes to their positions in WLL. State of Alaska Department of Revenue lifted its holdings in shares of Whiting Petroleum by 65.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 74,630 shares of the oil and gas exploration company’s stock worth $598,000 after purchasing an additional 29,501 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Whiting Petroleum by 88.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,100 shares of the oil and gas exploration company’s stock worth $226,000 after purchasing an additional 13,200 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Whiting Petroleum by 306.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 45,100 shares of the oil and gas exploration company’s stock worth $362,000 after purchasing an additional 34,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Whiting Petroleum by 7.6% in the 3rd quarter. Rhumbline Advisers now owns 304,268 shares of the oil and gas exploration company’s stock worth $2,443,000 after purchasing an additional 21,382 shares during the last quarter. Finally, Brave Asset Management Inc. bought a new stake in shares of Whiting Petroleum in the 3rd quarter worth approximately $204,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Whiting Petroleum Company Profile

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.

Further Reading: The limitations of an equal weight rating

The Fly

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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