Trading Report: Today, RBC Capital Markets Reiterates Hold Rating for Whiting Petroleum Corp. (WLL)

Today, RBC Capital Markets Reiterates Hold Rating for Whiting Petroleum Corp. (WLL)

Whiting Petroleum Corp. (NYSE:WLL)‘s stock had its “hold” rating reissued by investment analysts at RBC Capital Markets in a research note issued on Friday. They currently have a $12.00 price target on the oil and gas exploration company’s stock. RBC Capital Markets’ price objective indicates a potential upside of 16.17% from the stock’s previous close.

WLL has been the subject of a number of other reports. Canaccord Genuity set a $14.00 price target on Whiting Petroleum Corp. and gave the company a “buy” rating in a report on Tuesday. KLR Group lifted their target price on Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, October 31st. Vetr cut Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price for the company. in a research note on Monday, October 3rd. Wunderlich lifted their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Finally, FBR & Co reissued a “marketperform” rating on shares of Whiting Petroleum Corp. in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.07.

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

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. During the same period in the prior year, the business earned ($0.17) earnings per share. The company’s revenue for the quarter was down 74.6% on a year-over-year basis. Analysts forecast that Whiting Petroleum Corp. will post ($2.19) earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of Whiting Petroleum Corp. by 8.7% in the third quarter. LPL Financial LLC now owns 27,435 shares of the oil and gas exploration company’s stock valued at $233,000 after buying an additional 2,192 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Whiting Petroleum Corp. during the third quarter valued at about $608,000. Penn Capital Management Co. Inc. bought a new stake in shares of Whiting Petroleum Corp. during the third quarter valued at about $288,000. Verition Fund Management LLC boosted its stake in shares of Whiting Petroleum Corp. by 837.6% in the third quarter. Verition Fund Management LLC now owns 32,300 shares of the oil and gas exploration company’s stock valued at $282,000 after buying an additional 28,855 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Whiting Petroleum Corp. by 80.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 263,175 shares of the oil and gas exploration company’s stock valued at $2,300,000 after buying an additional 117,400 shares during the period. Institutional investors and hedge funds own 74.21% of the company’s stock.

Whiting Petroleum Corp. Company Profile

Related posts

Leave a Comment