Brokerage Firm Rating Update on Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation (WLL) has an average broker rating of 2.16, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

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.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Whiting Petroleum Corporation (NYSE:WLL). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $16 per share to $13 per share. The rating by the firm was issued on August 4, 2016.

Whiting Petroleum Corporation (NYSE:WLL): The stock opened at $8.12 and touched an intraday high of $8.28 on Wednesday. During the day, the stock corrected to an intraday low of $7.99, however, the bulls stepped in and pushed the price higher to close in the green at $8.28 with a gain of 3.37% for the day. The total traded volume for the day was 22,913,343. The stock had closed at $8.01 in the previous trading session.

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.

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