Trade Report: Today: Brokerages gives Consensus Recommendation of “Hold” to Whiting Petroleum Corp. (WLL)

Today: Brokerages gives Consensus Recommendation of “Hold” to Whiting Petroleum Corp. (WLL)

Whiting Petroleum Corp. (NYSE:WLL) has been assigned an average recommendation of “Hold” from the thirty-seven ratings firms that are covering the company. Two analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.35.

WLL has been the topic of several research reports. Vetr cut shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.55 price objective on the stock. in a research report on Thursday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Whiting Petroleum Corp. in a research report on Thursday, October 27th. SunTrust Banks Inc. set a $20.00 price objective on shares of Whiting Petroleum Corp. and gave the company a “buy” rating in a research report on Monday, October 10th. Citigroup Inc. cut their price objective on shares of 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. Finally, KLR Group reiterated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Whiting Petroleum Corp. in a research note on Monday, August 1st.

Whiting Petroleum Corp. (NYSE:WLL) traded down 1.39% during trading on Monday, reaching $9.92. 11,418,110 shares of the company’s stock traded hands. The firm’s market cap is $2.78 billion. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $17.04. The firm has a 50 day moving average price of $8.84 and a 200-day moving average price of $9.09.

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

A number of institutional investors have recently added to or reduced their stakes in WLL. Clinton Group Inc. bought a new position in Whiting Petroleum Corp. during the third quarter worth about $102,000. Moors & Cabot Inc. boosted its position in 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 worth $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc bought a new position in Whiting Petroleum Corp. during the third quarter worth about $110,000. Investors Capital Advisory Services bought a new position in Whiting Petroleum Corp. during the second quarter worth about $113,000. Finally, Comerica Bank boosted its position in Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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