Piper Sandler Boosts Whiting Petroleum (NYSE:WLL) Price Target to $113.00

Whiting Petroleum (NYSE:WLLGet Rating) had its price objective boosted by equities research analysts at Piper Sandler to $113.00 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The firm presently has a “na” rating on the oil and gas exploration company’s stock. Piper Sandler’s target price suggests a potential upside of 56.21% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on WLL. Wells Fargo & Company lifted their price objective on Whiting Petroleum from $77.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, March 14th. KeyCorp lifted their price objective on Whiting Petroleum from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, April 8th. Zacks Investment Research cut Whiting Petroleum from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research note on Tuesday, March 29th. Truist Financial lifted their price objective on Whiting Petroleum from $108.00 to $130.00 in a research note on Thursday, April 21st. Finally, StockNews.com cut Whiting Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.25.

WLL stock traded down $5.02 during midday trading on Wednesday, hitting $72.34. 14,680 shares of the company’s stock were exchanged, compared to its average volume of 348,490. The business has a 50-day simple moving average of $79.41 and a two-hundred day simple moving average of $73.14. The stock has a market capitalization of $2.84 billion, a PE ratio of 7.36 and a beta of 1.92. Whiting Petroleum has a 1-year low of $36.81 and a 1-year high of $90.89.

Whiting Petroleum (NYSE:WLLGet Rating) last posted its earnings results on Wednesday, May 4th. The oil and gas exploration company reported $4.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.43). The business had revenue of $527.00 million during the quarter, compared to the consensus estimate of $403.00 million. Equities research analysts forecast that Whiting Petroleum will post 23.78 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in WLL. Dark Forest Capital Management LP purchased a new stake in Whiting Petroleum during the 3rd quarter worth about $37,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Whiting Petroleum during the 4th quarter worth about $37,000. Moors & Cabot Inc. purchased a new stake in Whiting Petroleum during the 3rd quarter worth about $40,000. 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 valued at $45,000 after purchasing an additional 365 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Whiting Petroleum in the 3rd quarter valued at about $98,000. 96.76% of the stock is owned by institutional investors.

Whiting Petroleum Company Profile (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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