Analysts at Howard Weil lifted their price target on shares of Whiting Petroleum Corp. (NYSE:WLL) from $82.00 to $95.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s target price points to a potential upside of 37.88% from the company’s current price.
Whiting Petroleum Corp. (NYSE:WLL) opened at 68.90 on Friday. Whiting Petroleum Corp. has a 52-week low of $40.19 and a 52-week high of $55.36. The stock’s 50-day moving average is $51.19 and its 200-day moving average is $48.55. The company has a market cap of $8.175 billion and a price-to-earnings ratio of 21.13.
Whiting Petroleum Corp. (NYSE:WLL) last issued its earnings results on Thursday, October 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.20. The company had revenue of $830.99 million for the quarter. During the same quarter last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 56.6% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Whiting Petroleum Corp. from $65.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Whiting Petroleum Corp. from $55.00 to $68.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Whiting Petroleum Corp. from $62.00 to $80.00 in a research note to investors on Wednesday. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Whiting Petroleum Corp. currently has an average rating of “Buy” and a consensus price target of $73.33.
Whiting Petroleum Corporation (NYSE:WLL) is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.
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