Trade Report: Today, Whiting Petroleum Corp. (WLL) Stock Rating Reaffirmed by Nomura

Today, Whiting Petroleum Corp. (WLL) Stock Rating Reaffirmed by Nomura

Nomura reiterated their hold rating on shares of Whiting Petroleum Corp. (NYSE:WLL) in a research report sent to investors on Monday morning. Nomura currently has a $11.00 price objective on the oil and gas exploration company’s stock.

Other equities research analysts have also issued research reports about the stock. FBR & Co assumed coverage on shares of Whiting Petroleum Corp. in a report on Tuesday, September 13th. They set a market perform rating and a $8.00 price target on the stock. Morgan Stanley upgraded shares of Whiting Petroleum Corp. from an underweight rating to an equal weight rating and set a $13.00 price target on the stock in a report on Friday, June 24th. Cantor Fitzgerald restated a hold rating and set a $11.00 price target on shares of Whiting Petroleum Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Whiting Petroleum Corp. from a hold rating to a buy rating and set a $9.50 price target on the stock in a report on Thursday, July 7th. Finally, Credit Suisse Group AG restated an outperform rating and set a $12.00 price target (down previously from $14.00) on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $13.09.

Whiting Petroleum Corp. (NYSE:WLL) opened at 9.09 on Monday. Whiting Petroleum Corp. has a 52 week low of $3.35 and a 52 week high of $22.80. The stock has a 50 day moving average of $7.77 and a 200-day moving average of $9.30. The stock’s market cap is $2.50 billion.

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

Several large investors have recently made changes to their positions in WLL. Adage Capital Partners GP L.L.C. boosted its stake in shares of Whiting Petroleum Corp. by 81.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,000,000 shares of the oil and gas exploration company’s stock worth $15,960,000 after buying an additional 900,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of 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. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Whiting Petroleum Corp. by 19.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,539,100 shares of the oil and gas exploration company’s stock worth $20,262,000 after buying an additional 418,000 shares during the period. Investec Asset Management North America Inc. boosted its stake in shares of Whiting Petroleum Corp. by 44.1% in the first quarter. Investec Asset Management North America Inc. now owns 302,084 shares of the oil and gas exploration company’s stock worth $2,411,000 after buying an additional 92,401 shares during the period. Finally, Investec Asset Management LTD boosted its stake in shares of Whiting Petroleum Corp. by 2.8% in the first quarter. Investec Asset Management LTD now owns 980,016 shares of the oil and gas exploration company’s stock worth $7,821,000 after buying an additional 27,065 shares during the period. Institutional investors and hedge funds own 77.29% of the company’s stock.

Whiting Petroleum Corp. Company Profile

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