Whiting Petroleum Corporation (WLL) Given a $7.00 Price Target at KeyCorp

KeyCorp set a $7.00 price target on Whiting Petroleum Corporation (NYSE:WLL) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts also recently issued research reports about the company. Citigroup Inc. decreased their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a buy rating for the company in a research note on Thursday, July 13th. Stifel Nicolaus decreased their target price on Whiting Petroleum Corporation from $12.00 to $11.50 and set a buy rating for the company in a research note on Thursday, July 27th. Cowen and Company set a $8.00 target price on Whiting Petroleum Corporation and gave the company a buy rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Whiting Petroleum Corporation from a hold rating to a buy rating and set a $6.00 target price for the company in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. set a $9.00 target price on Whiting Petroleum Corporation and gave the company a buy rating in a research note on Friday. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $9.40.

Shares of Whiting Petroleum Corporation (NYSE WLL) traded up 1.39% during trading on Thursday, hitting $5.10. The company’s stock had a trading volume of 8,660,584 shares. The company’s market capitalization is $1.85 billion. Whiting Petroleum Corporation has a 1-year low of $3.97 and a 1-year high of $13.39. The firm’s 50 day moving average is $5.05 and its 200-day moving average is $6.16.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same quarter in the prior year, the company earned ($0.70) EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts forecast that Whiting Petroleum Corporation will post ($0.68) EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its holdings in Whiting Petroleum Corporation by 1.4% during the 2nd quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock valued at $156,000 after purchasing an additional 388 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in Whiting Petroleum Corporation by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Whiting Petroleum Corporation by 2.2% during the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after purchasing an additional 487 shares in the last quarter. Sentinel Trust Co. LBA increased its holdings in Whiting Petroleum Corporation by 0.6% during the 2nd quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock valued at $835,000 after purchasing an additional 850 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Whiting Petroleum Corporation by 1.9% during the 2nd quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 895 shares in the last quarter. 82.86% of the stock is owned by hedge funds and other institutional investors.

About Whiting Petroleum Corporation

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.

Analyst Recommendations for Whiting Petroleum Corporation (NYSE:WLL)

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