Whiting Petroleum Corporation (WLL) : The consensus on Whiting Petroleum Corporation (WLL) based on 24 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Whiting Petroleum Corporation (WLL) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $8. The average forecast of all the analysts is $13.63 and the expected standard deviation is $2.99.
Whiting Petroleum Corporation (NYSE:WLL): The stock was completely flat for the day, closing at $8.44 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $8.20, the stock touched an intraday high of $8.62 and a low of $8.18. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $8.44. The total trading volume on Wednesday was 24,964,643.
Also, Equity Analysts at the Morgan Stanley upgrades the rating on Whiting Petroleum Corporation (NYSE:WLL). The brokerage firm has issued a Equalweight rating on the shares. The shares were previously rated Underweight. The Analysts at the ratings agency maintains the price target to $13 per share. The rating by the firm was issued on June 24, 2016. The company shares have dropped -71.80% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $36.39 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $11.52 and the 200 Day Moving Average price is recorded at $8.87.
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.