Today, Whiting Petroleum Corp. (WLL) Stock Rating Reaffirm by RBC Capital Markets

Today, Whiting Petroleum Corp. (WLL) Stock Rating Reaffirm by RBC Capital Markets
Whiting Petroleum Corp. (NYSE:WLL)‘s stock had its “hold” rating reiterated by investment analysts at RBC Capital Markets in a note issued to investors on Friday. They presently have a $12.00 price objective on the oil and gas exploration company’s stock. RBC Capital Markets’ price target would suggest a potential upside of 16.17% from the stock’s previous close.

A number of other research firms have also issued reports on WLL. Royal Bank Of Canada upped their target price on shares of Whiting Petroleum Corp. from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday. KeyCorp upped their target price on shares of Whiting Petroleum Corp. from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday. Canaccord Genuity set a $14.00 target price on shares of Whiting Petroleum Corp. and gave the stock a “buy” rating in a report on Tuesday. SunTrust Banks Inc. set a $20.00 target price on shares of Whiting Petroleum Corp. and gave the stock a “buy” rating in a report on Monday, October 10th. Finally, Vetr lowered shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price for the company. in a report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.07.

Whiting Petroleum Corp. (NYSE:WLL) opened at 10.33 on Friday. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $17.04. The company has a 50-day moving average of $8.81 and a 200 day moving average of $9.09. The stock’s market cap is $2.90 billion.

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

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in Whiting Petroleum Corp. by 116.1% in the first quarter. Renaissance Technologies LLC now owns 1,893,076 shares of the oil and gas exploration company’s stock worth $15,107,000 after buying an additional 1,017,014 shares during the period. Carl Domino Inc increased its stake in Whiting Petroleum Corp. by 60.0% in the second quarter. Carl Domino Inc now owns 16,000 shares of the oil and gas exploration company’s stock worth $148,000 after buying an additional 6,000 shares during the period. Cedar Hill Associates LLC increased its stake in Whiting Petroleum Corp. by 0.9% in the second quarter. Cedar Hill Associates LLC now owns 104,800 shares of the oil and gas exploration company’s stock worth $970,000 after buying an additional 975 shares during the period. Fox Run Management L.L.C. acquired a new stake in Whiting Petroleum Corp. during the second quarter worth approximately $144,000. Finally, Sigma Planning Corp increased its stake in Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 3,471 shares during the period. 74.21% of the stock is owned by institutional investors.

About Whiting Petroleum Corp.

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