The Whiting Petroleum Corp’s (WLL) “Hold” Rating Reaffirmed at Royal Bank of Canada

The Whiting Petroleum Corp’s (WLL) “Hold” Rating Reaffirmed at Royal Bank of Canada

A number of other research analysts have also recently commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $14.00 price target on shares of Whiting Petroleum Corp in a report on Thursday, February 23rd. R. F. Lafferty upped their price target on shares of Whiting Petroleum Corp from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. FBR & Co cut their price target on shares of Whiting Petroleum Corp from $13.00 to $11.00 and set a “mkt perform” rating on the stock in a report on Wednesday, May 10th. Credit Suisse Group AG restated a “buy” rating and issued a $15.00 price target on shares of Whiting Petroleum Corp in a report on Friday, March 31st. Finally, Goldman Sachs Group Inc cut shares of Whiting Petroleum Corp from a “neutral” rating to a “sell” rating and cut their price target for the stock from $11.50 to $7.25 in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.44.

Whiting Petroleum Corp (NYSE:WLL)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday. They presently have a $12.00 target price on the oil and gas exploration company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 79.37% from the stock’s previous close.

Shares of Whiting Petroleum Corp (WLL) opened at 6.69 on Friday. Whiting Petroleum Corp has a 52-week low of $6.38 and a 52-week high of $14.44. The firm’s market capitalization is $2.43 billion. The stock has a 50 day moving average of $8.23 and a 200-day moving average of $10.19.

Large investors have recently added to or reduced their stakes in the stock. Beach Point Capital Management LP boosted its stake in shares of Whiting Petroleum Corp by 33.9% in the third quarter. Beach Point Capital Management LP now owns 2,740,053 shares of the oil and gas exploration company’s stock valued at $23,948,000 after buying an additional 693,808 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Whiting Petroleum Corp by 590.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,838 shares of the oil and gas exploration company’s stock valued at $214,000 after buying an additional 15,253 shares during the period. Norges Bank acquired a new stake in shares of Whiting Petroleum Corp during the fourth quarter valued at about $38,888,000. Quantbot Technologies LP boosted its stake in shares of Whiting Petroleum Corp by 269.7% in the first quarter. Quantbot Technologies LP now owns 142,974 shares of the oil and gas exploration company’s stock valued at $1,352,000 after buying an additional 104,306 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Whiting Petroleum Corp during the fourth quarter valued at about $6,963,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors. Whiting Petroleum Corp Company Profile

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WLL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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