Whiting Petroleum Corporation (NYSE:WLL) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $8. The average forecast of all the analysts is $13.63 and the expected standard deviation is $2.99.
Whiting Petroleum Corp. has lost 18.2% in the last five trading days and dropped 26.57% in the last 4 weeks. Whiting Petroleum Corp. is up 18.41% in the last 3-month period. Year-to-Date the stock performance stands at -1.91%. Also, Morgan Stanley upgrades its view on Whiting Petroleum Corporation (NYSE:WLL) according to the research report released by the firm to its investors. The shares have now been rated Equalweight by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. Morgan Stanley maintains the current price target of $13 per share on Whiting Petroleum Corporation. The rating by the firm was issued on June 24, 2016.
Whiting Petroleum Corporation (NYSE:WLL) : Zacks Investment Research ranks Whiting Petroleum Corporation (NYSE:WLL) as 3, which is a Hold recommendation. 9 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. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 2.25, which indicates as a Buy.
Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $9.32 on Thursday but the bulls could not build on the opening and the stock topped out at $9.39 for the day. The stock traded down to $8.93 during the day, due to lack of any buying support eventually closed down at $9.26 with a loss of -4.14% for the day. The stock had closed at $9.66 on the previous day. The total traded volume was 30,119,968 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Whiting Petroleum Corp, Volker James J, had purchased 10,000 shares in a transaction dated on May 3, 2016. The transaction was executed at $10.3 per share with total amount equaling $103,000.
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.