Whiting Petroleum (WLL) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Whiting Petroleum (NYSE:WLL) from a sell rating to a strong sell rating in a research note released on Thursday morning, ValuEngine reports.

Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Whiting Petroleum from a hold rating to a buy rating and set a $31.00 target price on the stock in a research report on Thursday, April 4th. Wells Fargo & Co decreased their target price on shares of Whiting Petroleum from $45.00 to $36.00 and set an outperform rating on the stock in a research report on Wednesday, March 13th. Raymond James set a $52.00 target price on shares of Whiting Petroleum and gave the company a buy rating in a research report on Wednesday, January 23rd. Citigroup decreased their target price on shares of Whiting Petroleum from $45.00 to $40.00 and set a buy rating on the stock in a research report on Tuesday, March 12th. Finally, Morgan Stanley set a $43.00 target price on shares of Whiting Petroleum and gave the company a buy rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $48.24.

NYSE WLL opened at $27.43 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.58 and a beta of 2.95. Whiting Petroleum has a 52-week low of $18.37 and a 52-week high of $56.47.

Whiting Petroleum (NYSE:WLL) last posted 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 $0.50 by ($0.55). The company had revenue of $473.20 million during the quarter, compared to analyst estimates of $484.96 million. Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Research analysts forecast that Whiting Petroleum will post 1.72 EPS for the current fiscal year.

In related news, insider Peter Hagist sold 5,000 shares of Whiting Petroleum stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the transaction, the insider now directly owns 43,930 shares of the company’s stock, valued at approximately $1,106,596.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of Whiting Petroleum stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.62, for a total transaction of $61,550.00. Following the transaction, the director now directly owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Ffcm LLC lifted its holdings in Whiting Petroleum by 72.2% during the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 570 shares during the last quarter. Advisor Group Inc. lifted its holdings in Whiting Petroleum by 13.7% during the 4th quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock valued at $126,000 after purchasing an additional 665 shares during the last quarter. Teton Advisors Inc. lifted its holdings in Whiting Petroleum by 8.2% during the 4th quarter. Teton Advisors Inc. now owns 9,200 shares of the oil and gas exploration company’s stock valued at $209,000 after purchasing an additional 700 shares during the last quarter. NuWave Investment Management LLC lifted its holdings in Whiting Petroleum by 217.9% during the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 915 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Whiting Petroleum by 78.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 979 shares during the last quarter. 98.79% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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