Trade Report: The Whiting Petroleum Corp. (WLL) Given a $20.00 Price Target at SunTrust Banks Inc.

The Whiting Petroleum Corp. (WLL) Given a $20.00 Price Target at SunTrust Banks Inc.

SunTrust Banks Inc. set a $20.00 target price on Whiting Petroleum Corp. (NYSE:WLL) in a research report report published on Monday. The firm currently has a a buy rating on the oil and gas exploration company’s stock.

Several other research firms have also commented on WLL. Vetr raised Whiting Petroleum Corp. from a hold rating to a strong-buy rating and set a $13.87 target price for the company in a report on Monday, June 13th. Deutsche Bank AG increased their price objective on Whiting Petroleum Corp. from $13.00 to $14.00 and gave the stock a hold rating in a report on Tuesday, June 14th. Morgan Stanley raised Whiting Petroleum Corp. from an underweight rating to an equal weight rating and set a $13.00 price objective for the company in a report on Friday, June 24th. KLR Group reissued a buy rating and issued a $15.00 price objective (down from $19.00) on shares of Whiting Petroleum Corp. in a report on Wednesday, June 29th. Finally, Mizuho initiated coverage on Whiting Petroleum Corp. in a report on Wednesday, October 5th. They issued a neutral rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $13.16.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 8.85 on Monday. The firm’s market cap is $2.44 billion. The firm’s 50-day moving average price is $7.95 and its 200-day moving average price is $9.34. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $20.66.

Whiting Petroleum Corp. (NYSE:WLL) last posted its earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. The company had revenue of $339.58 million for the quarter, compared to the consensus estimate of $374.83 million. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The firm’s revenue for the quarter was down 42.4% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Equities research analysts expect that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Viking Fund Management LLC bought a new stake in Whiting Petroleum Corp. during the third quarter valued at $3,234,000. First Mercantile Trust Co. bought a new stake in Whiting Petroleum Corp. during the third quarter valued at $250,000. Foundry Partners LLC bought a new stake in Whiting Petroleum Corp. during the third quarter valued at $193,000. North Star Asset Management Inc. boosted its stake in Whiting Petroleum Corp. by 26.1% in the third quarter. North Star Asset Management Inc. now owns 219,919 shares of the oil and gas exploration company’s stock valued at $1,922,000 after buying an additional 45,450 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Whiting Petroleum Corp. by 83.3% in the third quarter. BNP Paribas Arbitrage SA now owns 34,769 shares of the oil and gas exploration company’s stock valued at $304,000 after buying an additional 15,804 shares during the last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.

Whiting Petroleum Corp. Company Profile

Related posts

Leave a Comment