Whiting Petroleum Corp (NYSE:WLL) has been given a consensus rating of “Hold” by the twenty-eight analysts that are currently covering the firm, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.57.

A number of analysts have issued reports on WLL shares. Stephens downgraded Whiting Petroleum from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 20th. Wells Fargo & Co reissued an “underweight” rating on shares of Whiting Petroleum in a research note on Tuesday, March 10th. Piper Sandler downgraded Whiting Petroleum from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Stifel Nicolaus downgraded Whiting Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, March 31st. Finally, SunTrust Banks downgraded Whiting Petroleum from a “buy” rating to a “hold” rating in a report on Monday, March 9th.

Shares of WLL traded down $0.07 on Tuesday, reaching $1.13. 5,489,466 shares of the company’s stock traded hands, compared to its average volume of 18,948,990. The stock has a market cap of $107.86 million, a PE ratio of -0.03 and a beta of 4.18. The stock’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $2.74. Whiting Petroleum has a 52-week low of $0.25 and a 52-week high of $19.68.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported ($1.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.78) by ($0.75). The business had revenue of $244.85 million for the quarter, compared to analysts’ expectations of $301.79 million. Whiting Petroleum had a negative net margin of 266.24% and a negative return on equity of 6.94%. As a group, analysts forecast that Whiting Petroleum will post -4.18 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of Whiting Petroleum during the fourth quarter worth approximately $33,000. Swiss National Bank increased its position in shares of Whiting Petroleum by 3.0% during the fourth quarter. Swiss National Bank now owns 174,850 shares of the oil and gas exploration company’s stock worth $1,283,000 after acquiring an additional 5,100 shares during the period. CastleArk Alternatives LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter worth approximately $70,000. Federated Hermes Inc. increased its position in shares of Whiting Petroleum by 1.4% during the first quarter. Federated Hermes Inc. now owns 885,951 shares of the oil and gas exploration company’s stock worth $594,000 after acquiring an additional 12,042 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Whiting Petroleum by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,936 shares of the oil and gas exploration company’s stock valued at $31,000 after buying an additional 14,983 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

About Whiting Petroleum

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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