November 25, 2016 - By whatsonthorold
In analysts note issued to clients and investors on Friday, 25 November, Whiting Petroleum (WLL) stock “Sector Perform” was reconfirmed at RBC Capital. They currently have a $12.0 target price on the stock. RBC Capital’s target price would suggest a potential upside of 16.17% from the company’s last stock close.
Out of 3 analysts covering Whiting Petroleum (WLL), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $9.0 is the highest target while $8.0 is the lowest. The $8.50 average target is -17.72% below today’s ($10.33) stock price. Whiting Petroleum has been the topic of 3 analyst reports since September 13, 2016 according to StockzIntelligence Inc. The rating was initiated by Mizuho on Thursday, October 6 with “Neutral”. The firm earned “Strong Buy” rating on Friday, October 28 by Raymond James. The firm has “Mkt Perform” rating given on Tuesday, September 13 by FBR Capital.
The stock increased 2.08% or $0.21 on November 23, hitting $10.33. Whiting Petroleum Corp (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 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.
Newgate Cap Management Llc owns 14,816 shares or 0.11% of their US portfolio. Sigma Planning holds 0.02% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 13,989 shares. Bluestein R H And accumulated 20,000 shares or 0.01% of the stock. Blackrock Institutional Trust Na accumulated 5.68 million shares or 0.01% of the stock. Victory accumulated 0.12% or 3.23M shares. Metropolitan Life Ins Company New York holds 5,960 shares or 0% of its portfolio. Checchi Cap Advisers Ltd Limited Liability Company holds 0% or 3,266 shares in its portfolio. Pleasant Lake Prns Limited Com last reported 0.38% of its portfolio in the stock. Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Bessemer holds 0% or 80 shares in its portfolio. Peak6 Invs Lp last reported 856 shares in the company. Broadview Ltd Liability last reported 0.67% of its portfolio in the stock. Westport Res Mgmt reported 826 shares or 0% of all its holdings. Cushing Asset L P accumulated 0.1% or 317,536 shares. Moreover, Credit Suisse Ag has 0.01% invested in Whiting Petroleum Corp (NYSE:WLL) for 562,768 shares.
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.”
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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