Mizuho Analysts Give Whiting Petroleum (WLL) a $26.00 Price Target

Whiting Petroleum (NYSE:WLL) has been assigned a $26.00 price target by stock analysts at Mizuho in a research report issued to clients and investors on Friday, November 24th. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Mizuho’s price objective points to a potential upside of 6.78% from the company’s previous close.

Several other brokerages have also commented on WLL. Imperial Capital began coverage on shares of Whiting Petroleum in a report on Thursday, September 28th. They issued an “in-line” rating and a $24.00 price target for the company. BMO Capital Markets reissued a “hold” rating on shares of Whiting Petroleum in a report on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum in a research report on Friday, November 24th. Stifel Nicolaus reduced their price target on shares of Whiting Petroleum from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Finally, Barclays increased their price target on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.27.

Whiting Petroleum (WLL) opened at $24.35 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $53.48.

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, topping analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same period last year, the business earned ($1.88) EPS. Whiting Petroleum’s revenue for the quarter was up 2.8% on a year-over-year basis. research analysts expect that Whiting Petroleum will post -2.39 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Chicago Equity Partners LLC acquired a new position in Whiting Petroleum in the 2nd quarter worth about $102,000. Campbell & CO Investment Adviser LLC increased its position in Whiting Petroleum by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after purchasing an additional 3,988 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of Whiting Petroleum during the 2nd quarter valued at about $121,000. Cubist Systematic Strategies LLC acquired a new position in shares of Whiting Petroleum during the 3rd quarter valued at about $133,000. Finally, First Allied Advisory Services Inc. increased its holdings in shares of Whiting Petroleum 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 valued at $138,000 after acquiring an additional 475 shares during the last quarter.

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About Whiting Petroleum

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 (NYSE:WLL)

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