Morgan Stanley Upgrades Whiting Petroleum Corp to Equalweight

Brokerage firm Morgan Stanley Upgrades its rating on Whiting Petroleum Corp(NYSE:WLL). The shares have been rated Equalweight. Previously, the analysts had a Underweight rating on the shares. The rating by Morgan Stanley was issued on Jun 24, 2016.

In a different note, On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Hold’ by the firm. On May 3, 2016, Tigress Financial said it Downgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Underperform’ by the firm. On Apr 29, 2016, Sterne Agee CRT said it Downgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, RBC Capital said it Downgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Sector Perform’ by the firm. On Apr 28, 2016, UBS said it Maintains its rating on Whiting Petroleum Corp. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 26, 2016, Cantor Fitzgerald said it Downgrades its rating on Whiting Petroleum Corp. The shares have been rated ‘Hold’ by the firm.

Whiting Petroleum Corp (WLL) made into the market gainers list on Wednesdays trading session with the shares advancing 6.39% or 0.58 points. Due to strong positive momentum, the stock ended at $9.66, which is also near the day’s high of $9.83. The stock began the session at $9.36 and the volume stood at 2,71,17,954 shares. The 52-week high of the shares is $35.1 and the 52 week low is $3.35. The company has a current market capitalization of $2,430 M and it has 25,15,01,540 shares in outstanding.

Whiting Petroleum Corp(WLL) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $292.01M. Analysts had an estimated revenue of $343.99M. Earnings per share were $-0.85. Analysts had estimated an EPS of $-0.73.

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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