Whiting Petroleum (WLL) Target Price Issued at $49.00 by Stifel Nicolaus

Whiting Petroleum (WLL) Target Price Issued at $49.00 by Stifel Nicolaus

A number of other brokerages also recently issued reports on WLL. KeyCorp lifted their price target on Whiting Petroleum from $35.00 to $45.00 and gave the company a buy rating in a research report on Monday, April 23rd. Piper Jaffray reiterated a hold rating and set a $46.00 price target on shares of Whiting Petroleum in a research report on Wednesday, April 18th. Morgan Stanley upgraded Whiting Petroleum from an underweight rating to an equal weight rating and set a $22.00 price target for the company in a research report on Friday, April 20th. SunTrust Banks set a $60.00 price objective on Whiting Petroleum and gave the company a buy rating in a report on Sunday, April 22nd. Finally, Robert W. Baird set a $44.00 price objective on Whiting Petroleum and gave the company a buy rating in a report on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $41.10.

Stifel Nicolaus set a $49.00 price target on Whiting Petroleum (NYSE:WLL) in a research note published on Monday, April 23rd. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Shares of WLL opened at $46.34 on Monday. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $46.96. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $4.06 billion, a P/E ratio of -35.37, a PEG ratio of 2.53 and a beta of 2.90.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.22 by $0.70. Whiting Petroleum had a negative return on equity of 1.08% and a negative net margin of 69.88%. The business had revenue of $515.10 million during the quarter, compared to the consensus estimate of $476.68 million. During the same quarter last year, the company earned ($0.15) EPS. The firm’s revenue was up 38.7% compared to the same quarter last year. sell-side analysts expect that Whiting Petroleum will post 2.2 earnings per share for the current year.

In other news, VP David M. Seery sold 1,059 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total transaction of $29,408.43. Following the transaction, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WLL. Cubist Systematic Strategies LLC bought a new stake in shares of Whiting Petroleum during the third quarter valued at approximately $133,000. State of Alaska Department of Revenue bought a new stake in shares of Whiting Petroleum during the fourth quarter valued at approximately $138,000. SG Americas Securities LLC bought a new stake in shares of Whiting Petroleum during the third quarter valued at approximately $166,000. M&T Bank Corp bought a new stake in shares of Whiting Petroleum during the first quarter valued at approximately $236,000. Finally, Aveo Capital Partners LLC bought a new stake in shares of Whiting Petroleum during the fourth quarter valued at approximately $306,000. 97.45% of the stock is currently owned by hedge funds and other institutional investors.

About Whiting Petroleum

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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