Stephens cut shares of Whiting Petroleum (NYSE:WLL) from an overweight rating to an equal weight rating in a report issued on Monday, BenzingaRatingsTable reports. They currently have $14.00 target price on the oil and gas exploration company’s stock, down from their previous target price of $24.00.

Several other equities research analysts also recently commented on WLL. Raymond James reduced their price objective on Whiting Petroleum from $35.00 to $25.00 and set a strong-buy rating for the company in a report on Monday, August 5th. MKM Partners began coverage on Whiting Petroleum in a report on Thursday, June 6th. They issued a buy rating and a $25.00 price objective for the company. Citigroup reduced their price objective on Whiting Petroleum from $40.00 to $30.00 and set a buy rating for the company in a report on Thursday, July 18th. Morgan Stanley reduced their price objective on Whiting Petroleum from $21.00 to $19.00 and set an equal weight rating for the company in a report on Friday, July 12th. Finally, Zacks Investment Research downgraded Whiting Petroleum from a hold rating to a strong sell rating and set a $7.00 price objective for the company. in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $30.42.

WLL opened at $8.71 on Monday. The stock has a 50-day moving average price of $13.53 and a 200-day moving average price of $21.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $786.08 million, a PE ratio of 4.00 and a beta of 2.97. Whiting Petroleum has a 1 year low of $8.00 and a 1 year high of $55.17.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.52). The company had revenue of $426.26 million during the quarter, compared to analysts’ expectations of $452.02 million. Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. Whiting Petroleum’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. As a group, sell-side analysts anticipate that Whiting Petroleum will post 0.07 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Whiting Petroleum in the fourth quarter worth $23,869,000. Geode Capital Management LLC raised its holdings in Whiting Petroleum by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 876,531 shares of the oil and gas exploration company’s stock worth $19,887,000 after purchasing an additional 25,116 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Whiting Petroleum in the first quarter worth $249,000. Meeder Asset Management Inc. raised its holdings in Whiting Petroleum by 78.8% in the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after purchasing an additional 979 shares during the period. Finally, Creative Planning raised its holdings in Whiting Petroleum by 47.5% in the first quarter. Creative Planning now owns 362,479 shares of the oil and gas exploration company’s stock worth $9,475,000 after purchasing an additional 116,713 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.

Whiting Petroleum Company Profile

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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