Whiting Petroleum (NYSE:WLL) Lowered to “Neutral” at Credit Suisse Group

Credit Suisse Group lowered shares of Whiting Petroleum (NYSE:WLL) from an outperform rating to a neutral rating in a research note released on Thursday morning, Briefing.com Automated Import reports.

A number of other equities analysts have also weighed in on WLL. Zacks Investment Research lowered shares of Whiting Petroleum from a buy rating to a hold rating and set a $27.00 price objective for the company. in a report on Saturday, May 11th. Oppenheimer lowered shares of Whiting Petroleum from an outperform rating to a market perform rating in a report on Thursday. LADENBURG THALM/SH SH lowered shares of Whiting Petroleum from a buy rating to a neutral rating and decreased their price objective for the stock from $30.00 to $20.00 in a report on Thursday. ValuEngine lowered shares of Whiting Petroleum from a sell rating to a strong sell rating in a report on Thursday, April 18th. Finally, KeyCorp boosted their price objective on shares of Whiting Petroleum from $33.00 to $35.00 and gave the stock an overweight rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Whiting Petroleum has an average rating of Hold and a consensus price target of $37.70.

Shares of WLL traded up $0.22 during mid-day trading on Thursday, reaching $11.06. The company had a trading volume of 12,094,130 shares, compared to its average volume of 5,257,671. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average is $16.65. Whiting Petroleum has a 52 week low of $10.44 and a 52 week high of $55.17. The stock has a market capitalization of $1.57 billion, a P/E ratio of 5.07 and a beta of 2.91.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.52). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The company had revenue of $426.26 million during the quarter, compared to the consensus estimate of $452.02 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was down 19.0% compared to the same quarter last year. On average, research analysts anticipate that Whiting Petroleum will post 0.83 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in Whiting Petroleum by 13.7% during the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 665 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Whiting Petroleum by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 876,531 shares of the oil and gas exploration company’s stock worth $19,887,000 after buying an additional 25,116 shares during the last quarter. APG Asset Management N.V. bought a new position in Whiting Petroleum during the fourth quarter worth about $6,425,000. Norges Bank bought a new position in Whiting Petroleum during the fourth quarter worth about $23,869,000. Finally, Deutsche Bank AG boosted its holdings in Whiting Petroleum by 71.3% during the fourth quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after buying an additional 1,051,214 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

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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