Whiting Petroleum (NYSE:WLL) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Whiting Petroleum (NYSE:WLL – Get Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Several other brokerages have also commented on WLL. Truist Financial upped their price target on Whiting Petroleum from $108.00 to $130.00 in a research note on Thursday, April 21st. Wells Fargo & Company upped their price target on Whiting Petroleum from $77.00 to $99.00 and gave the stock an equal weight rating in a research note on Monday, March 14th. KeyCorp upped their price target on Whiting Petroleum from $95.00 to $96.00 and gave the stock an overweight rating in a research note on Friday, April 8th. Piper Sandler upped their price target on Whiting Petroleum from $87.00 to $102.00 and gave the stock a neutral rating in a research note on Thursday, April 7th. Finally, Zacks Investment Research lowered Whiting Petroleum from a buy rating to a hold rating and set a $86.00 price target for the company. in a research note on Tuesday, March 29th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $90.88.

Whiting Petroleum stock opened at $72.53 on Tuesday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 7.39 and a beta of 1.92. The stock has a fifty day moving average price of $80.21 and a 200 day moving average price of $72.84. Whiting Petroleum has a 52 week low of $36.81 and a 52 week high of $90.89.

Whiting Petroleum (NYSE:WLL – Get Rating) last released its earnings results on Wednesday, May 4th. The oil and gas exploration company reported $4.61 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.43). The company had revenue of $527.00 million during the quarter, compared to analysts’ expectations of $403.00 million. As a group, equities research analysts forecast that Whiting Petroleum will post 23.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, May 19th. Whiting Petroleum’s dividend payout ratio is presently 10.18%.

Large investors have recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC lifted its holdings in shares of Whiting Petroleum by 272.4% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 499 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $37,000. Dark Forest Capital Management LP bought a new stake in shares of Whiting Petroleum in the 3rd quarter worth approximately $37,000. CWM LLC bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $102,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Whiting Petroleum in the 3rd quarter worth approximately $98,000. 96.76% of the stock is currently owned by institutional investors.

About Whiting Petroleum (Get Rating)

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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