Morgan Stanley Gives Whiting Petroleum (NYSE:WLL) a Higher Rating. Raises its “Underweight” Rating

April 21, 2018 - By Nellie Frank

Whiting Petroleum Corporation (NYSE:WLL) Logo

Investors sentiment decreased to 0 in Q4 2017. Its down 0.94, from 0.94 in 2017Q3. It is negative, as 199 investors sold Whiting Petroleum Corporation shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 5.49 million shares or 98.22% less from 308.92 million shares in 2017Q3 were reported.

Cypress Cap Management Ltd Liability Corporation (Wy) accumulated 0.66% or 22,100 shares. Moreover, Macquarie Grp has 0% invested in Whiting Petroleum Corporation (NYSE:WLL). Texan Mgmt owns 7,685 shares. Fine Ltd Partnership owns 5.46 million shares.

Since March 1, 2018, it had 0 insider buys, and 1 insider sale for $29,412 activity.

Whiting Petroleum (NYSE:WLL) Stock Upgrade

It will be interesting to watch today’s trading of shares of Whiting Petroleum (NYSE:WLL) as Morgan Stanley increased the stock from a “Underweight” to a respectable “Equal-Weight”.

Investors sentiment decreased to 0 in Q4 2017. Its down 0.94, from 0.94 in 2017Q3. It is negative, as 199 investors sold Whiting Petroleum Corporation shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 5.49 million shares or 98.22% less from 308.92 million shares in 2017Q3 were reported.

Cypress Cap Management Ltd Liability Corporation (Wy) accumulated 0.66% or 22,100 shares. Moreover, Macquarie Grp has 0% invested in Whiting Petroleum Corporation (NYSE:WLL). Texan Mgmt owns 7,685 shares. Fine Ltd Partnership owns 5.46 million shares.

Since March 1, 2018, it had 0 insider buys, and 1 insider sale for $29,412 activity.

Whiting Petroleum Corporation (NYSE:WLL) Ratings Coverage

Among 23 analysts covering Whiting Petroleum (NYSE:WLL), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 43% are positive. Whiting Petroleum has $58 highest and $3.6 lowest target. $34.48’s average target is -13.21% below currents $39.73 stock price. Whiting Petroleum had 40 analyst reports since October 26, 2017 according to SRatingsIntel. Susquehanna maintained Whiting Petroleum Corporation (NYSE:WLL) on Thursday, April 19 with “Hold” rating. The stock of Whiting Petroleum Corporation (NYSE:WLL) earned “Neutral” rating by Bank of America on Thursday, March 8. Barclays Capital maintained Whiting Petroleum Corporation (NYSE:WLL) on Monday, November 20 with “Equal-Weight” rating. The stock of Whiting Petroleum Corporation (NYSE:WLL) earned “Buy” rating by Deutsche Bank on Wednesday, April 4. The rating was maintained by Cowen & Co on Thursday, January 18 with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, January 21. As per Monday, November 13, the company rating was maintained by Morgan Stanley. The stock of Whiting Petroleum Corporation (NYSE:WLL) has “Hold” rating given on Friday, November 10 by BMO Capital Markets. As per Friday, April 20, the company rating was upgraded by Morgan Stanley. The stock of Whiting Petroleum Corporation (NYSE:WLL) earned “Hold” rating by Seaport Global on Tuesday, December 19.

The stock increased 0.99% or $0.39 during the last trading session, reaching $39.73. About 3.96 million shares traded. Whiting Petroleum Corporation (NYSE:WLL) has declined 0.96% since April 21, 2017 and is downtrending. It has underperformed by 12.51% the S&P500.

Analysts await Whiting Petroleum Corporation (NYSE:WLL) to report earnings on April, 25. They expect $0.18 earnings per share, up 130.00 % or $0.78 from last year’s $-0.6 per share. WLL’s profit will be $16.38 million for 55.18 P/E if the $0.18 EPS becomes a reality. After $-0.17 actual earnings per share reported by Whiting Petroleum Corporation for the previous quarter, Wall Street now forecasts -205.88 % EPS growth.

Whiting Petroleum Corporation, an independent gas and oil company, engages in the development, production, acquisition, and exploration of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company has market cap of $3.62 billion. It sells gas and oil to end users, marketers, and other purchasers. It currently has negative earnings. As of December 31, 2016, the firm had total estimated proved reserves of 615.5 million barrels of oil equivalent; and interests in 1,917 net productive wells on approximately 517,200 net developed acres.

Whiting Petroleum Corporation (NYSE:WLL) Ratings Chart

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