Zacks Investment Research cut shares of Whiting Petroleum Corporation (NYSE:WLL) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange. “
Other research analysts have also recently issued research reports about the company. Piper Jaffray Companies cut their price objective on 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 cut Whiting Petroleum Corporation from an equal weight rating to an underweight rating and cut their price objective for the stock from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen and Company reissued a buy rating and issued a $32.00 price objective on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. KeyCorp reissued a buy rating and issued a $28.00 price objective on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Finally, Citigroup Inc. lowered their target price on Whiting Petroleum Corporation from $44.00 to $32.00 and set a buy rating on the stock in a research note on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $36.45.
Whiting Petroleum Corporation (NYSE WLL) opened at $25.74 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. Whiting Petroleum Corporation has a 1 year low of $15.88 and a 1 year high of $53.56.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. During the same quarter in the previous year, the firm earned ($1.88) earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. research analysts anticipate that Whiting Petroleum Corporation will post -2.41 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the stock. Gotham Asset Management LLC boosted its holdings in Whiting Petroleum Corporation by 22.8% during the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after acquiring an additional 2,566 shares during the period. Chicago Equity Partners LLC purchased a new stake in Whiting Petroleum Corporation during the 2nd quarter valued at about $102,000. Shell Asset Management Co. purchased a new stake in Whiting Petroleum Corporation during the 3rd quarter valued at about $1,565,000. Campbell & CO Investment Adviser LLC boosted its holdings in Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after acquiring an additional 3,988 shares during the period. Finally, Palisade Capital Management LLC NJ purchased a new stake in Whiting Petroleum Corporation during the 2nd quarter valued at about $121,000. Institutional investors own 84.05% 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.
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