Whiting Petroleum Corp (WLL) Received a $16.00 Target Price by Scotiabank Analysts

Whiting Petroleum Corp (WLL) Received a $16.00 Target Price by Scotiabank Analysts

Whiting Petroleum Corp (NYSE:WLL) has been given a $16.00 price objective by equities research analysts at Scotiabank in a research report issued on Monday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 92.54% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating and issued a $14.00 target price on shares of Whiting Petroleum Corp in a report on Friday. KLR Group restated a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Whiting Petroleum Corp in a report on Friday, February 24th. Canaccord Genuity restated a “buy” rating and issued a $14.00 target price on shares of Whiting Petroleum Corp in a report on Thursday, February 23rd. Credit Suisse Group AG upped their target price on shares of Whiting Petroleum Corp from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $15.00 target price on shares of Whiting Petroleum Corp in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have given 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 $13.45.

Whiting Petroleum Corp (NYSE:WLL) traded up 3.85% on Monday, reaching $8.63. 10,498,182 shares of the company’s stock were exchanged. Whiting Petroleum Corp has a 1-year low of $6.38 and a 1-year high of $14.44. The company’s market capitalization is $3.13 billion. The firm has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.10.

Whiting Petroleum Corp (NYSE:WLL) last issued its earnings results on Tuesday, February 21st. The oil and gas exploration company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.04. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. The business earned $342.70 million during the quarter, compared to analysts’ expectations of $353.75 million. During the same quarter in the prior year, the business posted ($0.43) EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. Equities research analysts expect that Whiting Petroleum Corp will post ($0.62) earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Whiting Petroleum Corp by 65.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,887,461 shares of the oil and gas exploration company’s stock worth $130,872,000 after buying an additional 4,298,479 shares in the last quarter. Norges Bank bought a new position in shares of Whiting Petroleum Corp during the fourth quarter worth about $38,888,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Whiting Petroleum Corp by 18.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 16,400,452 shares of the oil and gas exploration company’s stock worth $197,133,000 after buying an additional 2,573,518 shares in the last quarter. DFT Energy LP bought a new position in shares of Whiting Petroleum Corp during the fourth quarter worth about $19,232,000. Finally, City Financial Investment Co Ltd bought a new position in shares of Whiting Petroleum Corp during the fourth quarter worth about $15,747,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Whiting Petroleum Corp

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.

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