Brean Capital Initiates Coverage on Whiting Petroleum Corp (WLL)

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Stock analysts at Brean Capital initiated coverage on shares of Whiting Petroleum Corp (NYSE:WLL) in a report issued on Friday, ARN reports. The firm set a “buy” rating and a $96.00 price target on the stock. Brean Capital’s price objective suggests a potential upside of 33.35% from the company’s current price.

Shares of Whiting Petroleum Corp (NYSE:WLL) opened at 71.99 on Friday. Whiting Petroleum Corp has a 1-year low of $44.21 and a 1-year high of $75.90. The stock’s 50-day moving average is $72.06 and its 200-day moving average is $65.04. The company has a market cap of $8.564 billion and a P/E ratio of 22.20.

Whiting Petroleum Corp (NYSE:WLL) last announced its earnings results on Wednesday, April 30th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.09. The company had revenue of $740.25 million for the quarter, compared to the consensus estimate of $691.58 million. On average, analysts predict that Whiting Petroleum Corp will post $4.59 earnings per share for the current fiscal year.

A number of other firms have also recently commented on WLL. Analysts at Wunderlich reiterated a “buy” rating on shares of Whiting Petroleum Corp in a research note on Friday, May 2nd. They now have a $95.00 price target on the stock, up previously from $80.00. Separately, analysts at Societe Generale raised their price target on shares of Whiting Petroleum Corp from $75.00 to $84.00 in a research note on Wednesday, April 30th. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Whiting Petroleum Corp in a research note on Thursday, April 17th. They now have a $85.00 price target on the stock. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whiting Petroleum Corp presently has a consensus rating of “Buy” and an average price target of $81.21.

Whiting Petroleum Corporation (NYSE:WLL) is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.

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