Rating Alert: RBC Capital Markets Maintained Whiting Petroleum Corporation (NYSE:WLL) As Sector Perform; Has Target Price per Share Of $12.00

November 25, 2016 - By Peter Kolinski

Rating Alert: RBC Capital Markets Maintained Whiting Petroleum Corporation (NYSE:WLL) As Sector Perform; Has Target Price per Share Of $12.00

Whiting Petroleum Corporation (NYSE:WLL) Rating

New York: In an analyst note revealed to investors and clients on 25 November, RBC Capital Markets reconfirmed their Sector Perform rating on shares of Whiting Petroleum Corporation (NYSE:WLL). They currently have a $12.00 price target on the company. RBC Capital Markets’s target indicates a potential upside of 16.17% from the company’s previous stock close.

Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage

Out of 29 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 8 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 28% are positive. $50 is the highest target while $4 is the lowest. The $18.27 average target is 78.07% above today’s ($10.26) stock price. Whiting Petroleum Corporation has been the topic of 80 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, September 13. The rating was maintained by Citigroup on Monday, July 18 with “Buy”. The stock has “Equal Weight” rating given by CapitalOne on Tuesday, January 19. The company was downgraded on Friday, August 28 by Vetr. Wunderlich maintained Whiting Petroleum Corp (NYSE:WLL) on Tuesday, June 28 with “Hold” rating. UBS downgraded it to “Neutral” rating and $7 target price in Wednesday, January 13 report. The firm has “Neutral” rating by Sterne Agee CRT given on Friday, April 29. The company was downgraded on Wednesday, July 6 by Goldman Sachs. Canaccord Genuity upgraded the shares of WLL in a report on Monday, August 3 to “Buy” rating. The stock of Whiting Petroleum Corp (NYSE:WLL) earned “Overweight” rating by JP Morgan on Wednesday, December 9.

About 9,400 shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 7.85% since April 22, 2016 and is downtrending. It has underperformed by 13.26% the S&P500.

Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on February, 22. They expect $-0.32 EPS, up 25.58% or $0.11 from last year’s $-0.43 per share. After $-0.47 actual EPS reported by Whiting Petroleum Corp for the previous quarter, Wall Street now forecasts -31.91% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.32, from 0.99 in 2016Q1. The ratio increased, as 47 funds sold all Whiting Petroleum Corp shares owned while 91 reduced positions. 51 funds bought stakes while 85 increased positions. They now own 204.62 million shares or 15.59% more from 177.01 million shares in 2016Q1.

First Advisors Limited Partnership owns 4.00 million shares or 0.12% of their US portfolio. State Of Wisconsin Inv Board, a Wisconsin-based fund reported 133,864 shares. Quantbot Technology Ltd Partnership holds 0.14% or 144,071 shares in its portfolio. The California-based Parallax Volatility Advisers Ltd Partnership has invested 0% in Whiting Petroleum Corp (NYSE:WLL). Proxima Cap Mngmt Ltd Limited Liability Company last reported 1.03 million shares in the company. Macquarie Group Incorporated Limited accumulated 0.03% or 1.67 million shares. Kcg Holdg Inc last reported 0.03% of its portfolio in the stock. Goldman Sachs Grp Incorporated holds 3.63 million shares or 0.01% of its portfolio. Grantham Mayo Van Otterloo And Limited Liability holds 0.01% or 197,900 shares in its portfolio. Bessemer Grp has 80 shares for 0% of their US portfolio. Raymond James, a Florida-based fund reported 302,568 shares. Rmb Cap Mgmt Llc holds 0.05% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 110,500 shares. Canada Pension Plan Board has invested 0% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Pnc Services Gru owns 206,621 shares or 0% of their US portfolio. Cetera Advsrs Ltd Co has invested 0.02% of its portfolio in Whiting Petroleum Corp (NYSE:WLL).

Whiting Petroleum Corporation is an independent gas and oil company. The company has a market cap of $3.00 billion. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. It currently has negative earnings. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid and natural gas.

According to Zacks Investment Research, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange.”

WLL Company Profile

Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent gas and oil company. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company’s estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Firm has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.

Another recent and important Whiting Petroleum Corp (NYSE:WLL) news was published by Seekingalpha.com which published an article titled: “Why Whiting Petroleum Is In Turnaround Mode” on November 23, 2016.

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