Whiting Petroleum (NYSE:WLL) PT Set at $21.00 by Morgan Stanley

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Whiting Petroleum (NYSE:WLL) has been assigned a $21.00 price objective by investment analysts at Morgan Stanley in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Morgan Stanley’s target price would indicate a potential upside of 21.67% from the stock’s current price.

WLL has been the subject of several other research reports. Capital One Financial upgraded shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 20th. Wells Fargo & Co reduced their price target on shares of Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. Ifs Securities downgraded shares of Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 23rd. MKM Partners began coverage on shares of Whiting Petroleum in a research report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price target for the company. Finally, ValuEngine upgraded shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $43.73.

Shares of NYSE:WLL opened at $17.26 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.60 billion, a P/E ratio of 7.92 and a beta of 3.06. Whiting Petroleum has a 52 week low of $15.40 and a 52 week high of $55.73. The company has a 50 day moving average price of $19.64.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). The firm had revenue of $389.50 million during the quarter, compared to analysts’ expectations of $421.43 million. Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The firm’s revenue was down 24.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. As a group, sell-side analysts predict that Whiting Petroleum will post 1.43 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. raised its holdings in shares of Whiting Petroleum by 89.9% during the 1st quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. Ffcm LLC raised its holdings in shares of 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 in the last quarter. Advisor Group Inc. raised its holdings in shares of 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of 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 in the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Whiting Petroleum by 6.6% during the 4th quarter. United Services Automobile Association now owns 16,486 shares of the oil and gas exploration company’s stock valued at $374,000 after purchasing an additional 1,022 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

About Whiting Petroleum

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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