Whiting Petroleum (NYSE:WLL) Raised to Sell at ValuEngine

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

A number of other equities analysts have also weighed in on WLL. Oppenheimer lowered Whiting Petroleum from an outperform rating to a market perform rating in a research note on Thursday. Credit Suisse Group lowered Whiting Petroleum from an outperform rating to a neutral rating in a research note on Thursday. MKM Partners assumed coverage on Whiting Petroleum in a research note on Thursday, June 6th. They set a buy rating and a $25.00 target price on the stock. SunTrust Banks reiterated a buy rating and set a $35.00 target price on shares of Whiting Petroleum in a research note on Monday, June 24th. Finally, LADENBURG THALM/SH SH lowered Whiting Petroleum from a buy rating to a neutral rating and lowered their target price for the stock from $30.00 to $20.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $37.70.

NYSE:WLL traded up $0.22 on Thursday, hitting $11.06. The company’s stock 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 firm has a fifty day moving average of $16.76. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 5.07 and a beta of 2.91. Whiting Petroleum has a one year low of $10.44 and a one year high of $55.17.

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

A number of institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC boosted its holdings in shares of Whiting Petroleum by 13.7% during the 2nd quarter. Gabelli Funds LLC now owns 58,000 shares of the oil and gas exploration company’s stock valued at $1,083,000 after acquiring an additional 7,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Whiting Petroleum by 13.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 95,393 shares of the oil and gas exploration company’s stock valued at $1,782,000 after acquiring an additional 11,375 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Whiting Petroleum by 2.4% during the 2nd quarter. Swiss National Bank now owns 169,750 shares of the oil and gas exploration company’s stock valued at $3,171,000 after acquiring an additional 4,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Whiting Petroleum during the 2nd quarter valued at $1,060,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Whiting Petroleum during the 2nd quarter valued at $87,000. Hedge funds and other institutional investors 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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