Whiting Petroleum (WLL) Given a $35.00 Price Target at KeyCorp

KeyCorp set a $35.00 target price on Whiting Petroleum (NYSE:WLL) in a research note issued to investors on Sunday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus set a $40.00 price target on Whiting Petroleum and gave the stock a buy rating in a report on Thursday, October 26th. SunTrust Banks set a $36.00 price target on Whiting Petroleum and gave the stock a buy rating in a report on Friday, October 20th. Zacks Investment Research upgraded Whiting Petroleum from a hold rating to a buy rating and set a $24.00 price target on the stock in a report on Thursday, October 12th. Cowen restated a buy rating and set a $32.00 price target on shares of Whiting Petroleum in a report on Friday, November 10th. Finally, Barclays upped their price target on Whiting Petroleum from $5.00 to $19.00 and gave the stock an equal weight rating in a report on Monday, November 20th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. Whiting Petroleum presently has a consensus rating of Hold and a consensus price target of $33.89.

Shares of Whiting Petroleum (NYSE WLL) traded down $0.43 during midday trading on Friday, reaching $29.93. The company’s stock had a trading volume of 3,172,000 shares, compared to its average volume of 4,744,285. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $49.64. The stock has a market cap of $2,790.00, a P/E ratio of -4.17 and a beta of 3.39.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results 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 had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same quarter in the prior year, the business earned ($1.88) EPS. Whiting Petroleum’s revenue was up 2.8% on a year-over-year basis. analysts anticipate that Whiting Petroleum will post -2.25 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Whiting Petroleum by 44.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares during the period. Fine Capital Partners L.P. boosted its position in shares of Whiting Petroleum by 53.7% in the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after purchasing an additional 7,450,722 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Whiting Petroleum by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after purchasing an additional 4,483,396 shares during the period. Numeric Investors LLC boosted its position in shares of Whiting Petroleum by 163.0% in the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after purchasing an additional 2,997,300 shares during the period. Finally, Schneider Capital Management Corp boosted its position in shares of Whiting Petroleum by 63.7% in the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares during the period.

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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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