Today, Whiting Petroleum Corp. (WLL) Price Target Raised to $12.00 at Royal Bank Of Canada

Today, Whiting Petroleum Corp. (WLL) Price Target Raised to $12.00 at Royal Bank Of Canada

Whiting Petroleum Corp. (NYSE:WLL) had its target price upped by analysts at Royal Bank Of Canada from $10.00 to $12.00 in a research note issued on Friday. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 16.17% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Vetr lowered Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price on the stock. in a research report on Monday, October 3rd. Citigroup Inc. dropped their target price on Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. KLR Group reiterated a “buy” rating and issued a $15.00 target price (down previously from $18.00) on shares of Whiting Petroleum Corp. in a research report on Monday, August 1st. Canaccord Genuity reiterated a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Finally, SunTrust Banks Inc. set a $20.00 target price on Whiting Petroleum Corp. and gave the company a “buy” rating in a research report on Monday, October 10th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Whiting Petroleum Corp. currently has an average rating of “Hold” and a consensus target price of $12.07.

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

Whiting Petroleum Corp. (NYSE:WLL) last issued its earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.07. The firm earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. Whiting Petroleum Corp. had a negative net margin of 106.77% and a negative return on equity of 11.83%. Whiting Petroleum Corp.’s quarterly revenue was down 74.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. Equities analysts forecast that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems boosted its position in shares of Whiting Petroleum Corp. by 0.3% in the second quarter. Utah Retirement Systems now owns 36,683 shares of the oil and gas exploration company’s stock valued at $340,000 after buying an additional 100 shares during the last quarter. Putnam FL Investment Management Co. raised its stake in shares of Whiting Petroleum Corp. by 0.8% in the third quarter. Putnam FL Investment Management Co. now owns 18,930 shares of the oil and gas exploration company’s stock valued at $165,000 after buying an additional 150 shares during the period. Moors & Cabot Inc. raised its stake in shares of Whiting Petroleum Corp. by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Whiting Petroleum Corp. by 1.5% in the third quarter. Neuberger Berman Group LLC now owns 27,039 shares of the oil and gas exploration company’s stock valued at $236,000 after buying an additional 400 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Whiting Petroleum Corp. by 0.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 71,286 shares of the oil and gas exploration company’s stock valued at $660,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 74.21% of the company’s stock.

Whiting Petroleum Corp. Company Profile

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