Robert W. Baird Reiterates $44.00 Price Target for Whiting Petroleum (WLL)

Robert W. Baird set a $44.00 target price on Whiting Petroleum (NYSE:WLL) in a report issued on Monday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other research analysts also recently commented on WLL. KeyCorp set a $45.00 price target on Whiting Petroleum and gave the company a buy rating in a report on Monday. BMO Capital Markets reissued a hold rating and issued a $40.00 price target on shares of Whiting Petroleum in a report on Wednesday, April 11th. Piper Jaffray reissued a hold rating and issued a $46.00 price target on shares of Whiting Petroleum in a report on Wednesday, April 18th. Ladenburg Thalmann reaffirmed a buy rating and set a $45.00 target price on shares of Whiting Petroleum in a report on Thursday, April 12th. Finally, UBS started coverage on Whiting Petroleum in a report on Wednesday, March 7th. They set a neutral rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $37.48.

Shares of WLL opened at $39.72 on Monday. The stock has a market capitalization of $3,612.54, a P/E ratio of -30.32, a price-to-earnings-growth ratio of 2.79 and a beta of 2.90. Whiting Petroleum has a one year low of $15.88 and a one year high of $40.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.71.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.13. The firm had revenue of $474.40 million during the quarter, compared to the consensus estimate of $424.55 million. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. Whiting Petroleum’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.28) earnings per share. research analysts anticipate that Whiting Petroleum will post 0.97 EPS for the current year.

In related news, VP David M. Seery sold 1,059 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the sale, the vice president now owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Whiting Petroleum in the 3rd quarter worth approximately $133,000. State of Alaska Department of Revenue acquired a new stake in Whiting Petroleum in the 4th quarter valued at approximately $138,000. SG Americas Securities LLC acquired a new stake in Whiting Petroleum in the 3rd quarter valued at approximately $166,000. Aveo Capital Partners LLC acquired a new stake in Whiting Petroleum in the 4th quarter valued at approximately $306,000. Finally, Phoenix Investment Adviser LLC acquired a new stake in Whiting Petroleum in the 4th quarter valued at approximately $457,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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About Whiting Petroleum

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Analyst Recommendations for Whiting Petroleum (NYSE:WLL)

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