Whiting Petroleum (NYSE:WLL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday, February 4th.
Several other brokerages also recently issued reports on WLL. Capital One Financial downgraded shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research note on Monday, October 8th. Morgan Stanley set a $67.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Saturday, October 13th. Wells Fargo & Co raised shares of Whiting Petroleum from a “market perform” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group dropped their price target on shares of Whiting Petroleum from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $50.59.
WLL stock traded up $0.68 during trading on Monday, reaching $25.05. 4,718,662 shares of the company were exchanged, compared to its average volume of 3,373,519. The company has a market cap of $2.65 billion, a P/E ratio of 11.49 and a beta of 3.07. Whiting Petroleum has a 52-week low of $18.37 and a 52-week high of $56.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.58). Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. The business had revenue of $473.20 million during the quarter, compared to analysts’ expectations of $484.96 million. During the same period last year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts expect that Whiting Petroleum will post 0.95 earnings per share for the current year.
In other news, Director Philip Edward Doty sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.62, for a total value of $61,550.00. Following the transaction, the director now directly owns 16,822 shares in the company, valued at approximately $414,157.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Ashburton Jersey Ltd increased its holdings in shares of Whiting Petroleum by 214.7% in the 4th quarter. Ashburton Jersey Ltd now owns 20,300 shares of the oil and gas exploration company’s stock worth $461,000 after acquiring an additional 13,850 shares during the period. Pin Oak Investment Advisors Inc. increased its holdings in shares of Whiting Petroleum by 82.2% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 52,652 shares of the oil and gas exploration company’s stock worth $1,195,000 after acquiring an additional 23,753 shares during the period. Penn Capital Management Co. Inc. increased its holdings in shares of Whiting Petroleum by 4.5% in the 4th quarter. Penn Capital Management Co. Inc. now owns 234,554 shares of the oil and gas exploration company’s stock worth $5,762,000 after acquiring an additional 10,182 shares during the period. APG Asset Management N.V. acquired a new stake in shares of Whiting Petroleum in the 4th quarter worth about $6,425,000. Finally, Macquarie Group Ltd. increased its stake in Whiting Petroleum by 2.8% during the 4th quarter. Macquarie Group Ltd. now owns 795,514 shares of the oil and gas exploration company’s stock valued at $18,050,000 after buying an additional 21,772 shares during the period. Institutional investors own 97.18% of the company’s stock.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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