Trading Report: Today: Whiting Petroleum Corp. (WLL) Given Hold Rating at RBC Capital Markets

Today: Whiting Petroleum Corp. (WLL) Given Hold Rating at RBC Capital Markets

RBC Capital Markets reiterated their hold rating on shares of Whiting Petroleum Corp. (NYSE:WLL) in a research report report published on Friday. The brokerage currently has a $12.00 price target on the oil and gas exploration company’s stock, up from their prior price target of $10.00.

WLL has been the subject of several other reports. Canaccord Genuity set a $14.00 price target on Whiting Petroleum Corp. and gave the stock a buy rating in a research report on Tuesday, November 22nd. KLR Group raised their price target on Whiting Petroleum Corp. from $14.00 to $17.00 and gave the stock a buy rating in a research report on Monday, October 31st. Vetr lowered Whiting Petroleum Corp. from a strong-buy rating to a buy rating and set a $9.80 price target for the company. in a research report on Monday, October 3rd. Wunderlich lifted their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a hold rating in a report on Friday, July 29th. Finally, FBR & Co reiterated a marketperform rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Whiting Petroleum Corp. has an average rating of Hold and a consensus target price of $12.07.

Whiting Petroleum Corp. (NYSE:WLL) opened at 10.06 on Friday. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $17.04. The firm’s market capitalization is $2.82 billion. The company’s 50-day moving average price is $8.84 and its 200 day moving average price is $9.09.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results 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. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The firm had revenue of $129.23 million for the quarter, compared to analysts’ expectations of $350.95 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The company’s quarterly revenue was down 74.6% on a year-over-year basis. Analysts predict that Whiting Petroleum Corp. will post ($2.19) EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clinton Group Inc. acquired a new position in shares of Whiting Petroleum Corp. during the third quarter valued at $102,000. Moors & Cabot Inc. increased its position 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. Investors Capital Advisory Services acquired a new position in shares of Whiting Petroleum Corp. during the second quarter valued at $113,000. World Asset Management Inc acquired a new position in shares of Whiting Petroleum Corp. during the third quarter valued at $110,000. Finally, Profund Advisors LLC acquired a new position in shares of Whiting Petroleum Corp. during the second quarter valued at $128,000. Institutional investors own 93.86% of the company’s stock.

Whiting Petroleum Corp. Company Profile

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