Brokerage Firm Rating on Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation (WLL) : 22 analysts are covering Whiting Petroleum Corporation (WLL) and their average rating on the stock is 2.27, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Whiting Petroleum Corporation (WLL) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Whiting Petroleum Corporation (WLL) : The consensus price target for Whiting Petroleum Corporation (WLL) is $12.67 for the short term with a standard deviation of $3.66. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $7.


Company shares have received an average consensus rating of Hold for the current week Whiting Petroleum Corporation (NYSE:WLL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.46 and $7.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.72, notching a gain of 5.75% for the day. The total traded volume was 19,111,122 . The stock had closed at $7.30 on the previous day.

In a related news, Volker James J, CEO of Whiting Petroleum Corp, executed a transaction worth $103,000 on May 3, 2016. A total of 10,000 shares were purchased at an average price of $10.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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