Whiting Petroleum (NYSE:WLL) Now Covered by MKM Partners

MKM Partners assumed coverage on shares of Whiting Petroleum (NYSE:WLL) in a research report sent to investors on Thursday, June 6th, BenzingaRatingsTable reports. The firm issued a buy rating and a $25.00 target price on the oil and gas exploration company’s stock.

WLL has been the topic of a number of other research reports. Morgan Stanley lowered Whiting Petroleum from an overweight rating to an equal weight rating and increased their target price for the stock from $28.00 to $31.00 in a research note on Friday, April 12th. ValuEngine upgraded Whiting Petroleum from a strong sell rating to a sell rating in a research note on Friday, April 5th. Ifs Securities lowered Whiting Petroleum from an outperform rating to a market perform rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded Whiting Petroleum from a sell rating to a hold rating in a research note on Friday, February 15th. Finally, KeyCorp raised their price target on Whiting Petroleum from $33.00 to $35.00 and gave the company an overweight rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Whiting Petroleum currently has an average rating of Buy and an average target price of $43.73.

Shares of NYSE WLL traded up $0.48 during midday trading on Thursday, reaching $18.68. 14,555,650 shares of the stock traded hands, compared to its average volume of 5,382,949. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.71 billion, a PE ratio of 8.57 and a beta of 3.06. Whiting Petroleum has a one year low of $15.40 and a one year high of $55.39. The stock has a 50 day moving average of $19.33.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The company had revenue of $389.50 million for the quarter, compared to analysts’ expectations of $421.43 million. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s quarterly revenue was down 24.4% on a year-over-year basis. On average, equities research analysts forecast that Whiting Petroleum will post 1.35 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its holdings in shares of Whiting Petroleum by 89.9% during the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock worth $29,000 after purchasing an additional 517 shares during the period. Rational Advisors LLC raised its position in Whiting Petroleum by 808.2% during the fourth quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,188 shares in the last quarter. Ffcm LLC raised its position in Whiting Petroleum by 72.2% during the fourth quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 570 shares in the last quarter. Meeder Asset Management Inc. raised its position in Whiting Petroleum by 78.8% during the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 979 shares in the last quarter. Finally, LS Investment Advisors LLC purchased a new position in Whiting Petroleum during the first quarter valued at approximately $70,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Story: What is dollar cost averaging (DCA)?

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.