Investment analysts at Deutsche Bank cut their price objective on shares of Whiting Petroleum Corp. (NYSE:WLL) from $68.00 to $63.00 in a note issued to investors on Monday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 7.29% from the stock’s previous close.
Shares of Whiting Petroleum Corp. (NYSE:WLL) traded down 1.00% during mid-day trading on Monday, hitting $58.13. 4,153,337 shares of the company’s stock traded hands. Whiting Petroleum Corp. has a 52 week low of $41.40 and a 52 week high of $70.57. The stock’s 50-day moving average is $64.10 and its 200-day moving average is $54.88. The company has a market cap of $6.897 billion and a P/E ratio of 13.83.
Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.20. The company had revenue of $830.99 million for the quarter. During the same quarter last year, the company posted $0.73 earnings per share. Whiting Petroleum Corp.’s revenue was up 56.6% compared to the same quarter last year. Analysts expect that Whiting Petroleum Corp. will post $4.24 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on WLL. Analysts at Merrill Lynch reiterated a “buy” rating on shares of Whiting Petroleum Corp. in a research note to investors on Tuesday, November 26th. Separately, analysts at Bank of America Corp. initiated coverage on shares of Whiting Petroleum Corp. in a research note to investors on Tuesday, November 26th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Whiting Petroleum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $72.00 price target on the stock. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Whiting Petroleum Corp. has an average rating of “Buy” and an average target price of $73.95.
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.
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