Analyst Rating Update on Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation (WLL) : Zacks Investment Research ranks Whiting Petroleum Corporation (WLL) as 3, which is a Hold recommendation. 8 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 13 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 2.22, which indicates as a Buy.

Whiting Petroleum Corporation (WLL) : Currently there are 18 street experts covering Whiting Petroleum Corporation (WLL) stock. The most bullish and bearish price target for the stock is $19 and $7 respectively for the short term. The average price target of all the analysts comes to $12.89. The estimated standard deviation from the target is $3.55.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Barclays maintains its rating on Whiting Petroleum Corporation (NYSE:WLL). As per the latest information, the brokerage house lowers the price target to $9 per share from a prior target of $12. The shares have been rated Equal-weight. The rating by the firm was issued on July 29, 2016.


Whiting Petroleum Corporation (NYSE:WLL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.81 and $6.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.29, notching a gain of 7.05% for the day. The total traded volume was 38,075,352 . The stock had closed at $6.81 on the previous day.

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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