Whiting Petroleum Corporation (WLL) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $7. The average forecast of all the analysts is $12.53 and the expected standard deviation is $3.59.
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 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.16, which indicates as a Buy.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Whiting Petroleum Corporation (NYSE:WLL). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $13 per share from a prior target of $16. The rating by the firm was issued on August 4, 2016.
Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $7.21 on Thursday but the bulls could not build on the opening and the stock topped out at $7.29 for the day. The stock traded down to $7.00 during the day, due to lack of any buying support eventually closed down at $7.11 with a loss of -2.47% for the day. The stock had closed at $7.29 on the previous day. The total traded volume was 20,494,700 shares.
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.