Rating of The Day: Whiting Petroleum (NYSE:WLL) Sector Perform Rating Reaffirmed by RBC Capital Mkts; With $12 Target

November 25, 2016 - By Peter Kolinski

Rating of The Day: Whiting Petroleum (NYSE:WLL) Sector Perform Rating Reaffirmed by RBC Capital Mkts; With $12 Target

Whiting Petroleum (NYSE:WLL) Rating

RBC Capital Mkts currently has a $12 TP on the $3.00B market cap company or 16.17% upside potential. In an analyst note revealed to investors on Friday, 25 November, Whiting Petroleum (NYSE:WLL) stock had its Sector Perform Rating reiterated by stock analysts at RBC Capital Mkts.

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 76.86% above today’s ($10.33) stock price. Whiting Petroleum Corporation has been the topic of 80 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, March 18, the company rating was maintained by Cowen & Co. As per Tuesday, August 4, the company rating was downgraded by TheStreet. The stock of Whiting Petroleum Corp (NYSE:WLL) has “Hold” rating given on Tuesday, June 28 by Wunderlich. The firm has “Strong-Buy” rating given on Friday, August 28 by Vetr. On Tuesday, March 15 the stock rating was downgraded by JP Morgan to “Neutral”. The company was upgraded on Monday, August 10 by CLSA. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, January 12. The firm earned “Hold” rating on Friday, July 29 by Wunderlich. Guggenheim downgraded Whiting Petroleum Corp (NYSE:WLL) on Friday, July 31 to “Neutral” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 14.

The stock increased 2.08% or $0.21 on November 23, hitting $10.33. 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 earnings per share, up 25.58% or $0.11 from last year’s $-0.43 per share. After $-0.47 actual earnings per share 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 2016 Q2. Its up 0.32, from 0.99 in 2016Q1. The ratio is positive, 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.

Vantage Inv Llc reported 15 shares or 0% of all its holdings. Tudor Investment Et Al accumulated 0% or 20,765 shares. Tiaa Cref Inv Mngmt Ltd Liability Co last reported 836,167 shares in the company. Counselors Of Maryland Limited Com has 1.14M shares for 0.58% of their US portfolio. Laurion Cap Mngmt Ltd Partnership has invested 0.02% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Jump Trading Lc holds 0% or 10,662 shares in its portfolio. Blackrock Management Limited Liability Company last reported 803,208 shares in the company. Jacobs Levy Equity holds 0.06% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 323,820 shares. Hap Trading Ltd Llc last reported 117,974 shares in the company. Ny State Common Retirement Fund reported 479,100 shares or 0.01% of all its holdings. Syntal Partners Llc holds 0.29% or 26,667 shares in its portfolio. Integral Derivatives Ltd Liability Corporation holds 0.01% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 25,638 shares. Hodges Cap Mgmt holds 0.69% or 1.53M shares in its portfolio. The South Africa-based Old Mutual Customised Solutions (Proprietary) has invested 0.07% in Whiting Petroleum Corp (NYSE:WLL). Sprott holds 1.22M shares or 0.58% of its portfolio.

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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