Today, KeyCorp Boosts Whiting Petroleum Corp. (WLL) Price Target to $15.00

Today, KeyCorp Boosts Whiting Petroleum Corp. (WLL) Price Target to $15.00
Whiting Petroleum Corp. (NYSE:WLL) had its price objective boosted by KeyCorp from $12.00 to $15.00 in a research note published on Tuesday morning. They currently have an overweight rating on the oil and gas exploration company’s stock.

A number of other research analysts also recently issued reports on the company. Vetr upgraded Whiting Petroleum Corp. from a buy rating to a strong-buy rating and set a $11.03 price target on the stock in a research note on Monday, October 31st. JPMorgan Chase & Co. restated a hold rating and set a $10.00 price target on shares of Whiting Petroleum Corp. in a research note on Friday, November 11th. Cantor Fitzgerald restated a hold rating on shares of Whiting Petroleum Corp. in a research note on Sunday, August 14th. Barclays PLC dropped their price target on Whiting Petroleum Corp. from $12.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, July 29th. Finally, KLR Group restated a buy rating and set a $15.00 price target (down previously from $18.00) on shares of Whiting Petroleum Corp. in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corp. currently has an average rating of Hold and an average target price of $12.07.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 10.33 on Tuesday. Whiting Petroleum Corp. has a 52-week low of $3.35 and a 52-week high of $17.04. The stock has a 50 day moving average price of $8.81 and a 200-day moving average price of $9.09. The stock’s market capitalization is $2.90 billion.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. Whiting Petroleum Corp. had a negative net margin of 106.77% and a negative return on equity of 11.83%. The business earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The company’s revenue was down 74.6% compared to the same quarter last year. On average, equities research analysts anticipate that Whiting Petroleum Corp. will post ($2.19) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Palisade Capital Management LLC NJ bought a new position in shares of Whiting Petroleum Corp. during the second quarter worth approximately $167,000. Investors Capital Advisory Services bought a new position in shares of Whiting Petroleum Corp. during the second quarter worth approximately $113,000. Putnam FL Investment Management Co. boosted its position in Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 200 shares during the period. Fox Run Management L.L.C. acquired a new position in Whiting Petroleum Corp. during the second quarter valued at approximately $144,000. Finally, William Blair Investment Management LLC boosted its position in Whiting Petroleum Corp. by 161.8% in the second quarter. William Blair Investment Management LLC now owns 35,743 shares of the oil and gas exploration company’s stock valued at $331,000 after buying an additional 22,088 shares during the period. Institutional investors own 74.21% of the company’s stock.

Whiting Petroleum Corp. Company Profile

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