Oppenheimer Increases Whiting Petroleum Corp Price Target to $47.00 (WLL)
Analysts at Oppenheimer raised their price target on shares ofWhiting Petroleum Corp (NYSE:WLL) from $40.00 to $47.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 23.98% from the company’s current price.
Shares of Whiting Petroleum Corp (NYSE:WLL) opened at 37.91 on Friday. Whiting Petroleum Corp has a one year low of $24.13 and a one year high of $92.92. The stock’s 50-day moving average is $35. and its 200-day moving average is $39.. The company has a market cap of $6.33 billion and a price-to-earnings ratio of 71.53.
Whiting Petroleum Corp (NYSE:WLL) last announced its earnings results on Wednesday, April 29th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.09. The company had revenue of $529.20 million for the quarter, compared to the consensus estimate of $586.03 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. On average, analysts predict that Whiting Petroleum Corp will post $-0.62 earnings per share for the current fiscal year.
WLL has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Whiting Petroleum Corp in a research note on Thursday. Analysts at Sterne Agee CRT reiterated a “buy” rating and set a $36.76 price target (down previously from $52.00) on shares of Whiting Petroleum Corp in a research note on Thursday. Analysts at Global Hunter Securities upgraded shares of Whiting Petroleum Corp from a “neutral” rating to an “accumulate” rating and set a $43.00 price target on the stock in a research note on Tuesday. Finally, analysts at SunTrust upgraded shares of Whiting Petroleum Corp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $34.00 to $44.00 in a research note on Tuesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the stock. Whiting Petroleum Corp currently has an average rating of “Buy” and an average price target of $62.95.
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.