Morgan Stanley Maintains Whiting Petroleum Corp to Equal-weight with Price Target $11.00

Brokerage firm Morgan Stanley Maintains its rating on Whiting Petroleum Corp(NYSE:WLL). In a research note issued to the investors, the brokerage major Lowers the price-target to $11.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, UBS said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 18, 2016, Citigroup said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 13, 2016, Credit Suisse said it Upgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Outperform’ by the firm. On Jul 12, 2016, Seaport Global said it Upgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Neutral’ by the firm.

Whiting Petroleum Corp (WLL) made into the market gainers list on Thursdays trading session with the shares advancing 2.47% or 0.18 points. Due to strong positive momentum, the stock ended at $7.47, which is also near the day’s high of $7.7. The stock began the session at $7.18 and the volume stood at 2,94,23,770 shares. The 52-week high of the shares is $22.8 and the 52 week low is $3.35. The company has a current market capitalization of $2,057 M and it has 27,53,95,260 shares in outstanding.

Whiting Petroleum Corp(WLL) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $339.58M. Analysts had an estimated revenue of $376.75M. Earnings per share were $-0.70. Analysts had estimated an EPS of $-0.50.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, James J Volker (CEO) purchased 10,000 shares at $10.30 per share price.Also, On Mar 4, 2015, Lynn A Peterson (director) sold 25,000 shares at $19.73 per share price.

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 Company’s Rocky Mountains operations include assets in the states of Colorado Montana North Dakota Utah and Wyoming. The Company’s Permian Basin operations include assets in Texas and New Mexico. The Company’s other operations primarily include its assets in Arkansas Michigan Oklahoma and Texas. As of December 31 2014 The Company’s estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31 2014 the Company’s 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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