Whiting Petroleum Corporation (WLL) Receives ‘Analyst’ Rating

Whiting Petroleum Corporation (WLL) : Zacks Investment Research ranks Whiting Petroleum Corporation (WLL) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 2.2, which indicates as a Buy.

Whiting Petroleum Corporation (WLL) : Average target price received by Whiting Petroleum Corporation (WLL) is $12.28 with an expected standard deviation of $3.64. The most aggressive target on the stock is $19, whereas the most downbeat target is $7. 18 financial analysts are currently covering the stock.


Also, Citigroup maintains their rating on the shares of Whiting Petroleum Corporation (NYSE:WLL). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $13 per share from $16 per share. The rating by the firm was issued on August 4, 2016.

Whiting Petroleum Corporation (NYSE:WLL): After opening at $6.97, the stock dipped to an intraday low of $6.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.17 and the buying power remained strong till the end. The stock closed at $6.98 for the day, a gain of 1.45% for the day session. The total traded volume was 18,998,432. The stocks close on the previous trading day was $6.88.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration, development, acquisition and production of crude oil, NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Companys Rocky Mountains operations include assets in the states of Colorado, Montana, North Dakota, Utah and Wyoming. The Companys Permian Basin operations include assets in Texas and New Mexico. The Companys other operations primarily include its assets in Arkansas, Michigan, Oklahoma and Texas. As of December 31, 2014, The Companys estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31, 2014, the Companys probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE, for a total of 624.8 MMBOE.

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