Whiting Petroleum Corporation (NYSE:WLL) Earns Average Broker Rating Of Outperform
Whiting Petroleum Corporation (NYSE:WLL) stock is presently standing at about $9.29 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 37 analysts covering the company is $14.00, which suggests the stock could still rise over 34 percent. The highest analyst price target is $19.00, which implies a rally of -5 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 8 rate WLL a strong buy. There are 22 equity research firms advocating a Hold and 1 consider it Sell.
R. F. Lafferty analysts provided their view on Whiting Petroleum Corporation (NYSE:WLL) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 21, 2016. Stifel analysts disclosed their opinion on Whiting Petroleum Corporation (NYSE:WLL) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 01, 2016. According to a research note disclosed on Oct 28, 2016, analysts at Raymond James have upped their rating on these shares from Outperform to Strong Buy.
Whiting Petroleum Corporation (NYSE:WLL) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Chairman, President and CEO VOLKER JAMES J Purchased 10,000 company shares for 103000, in a transaction on 2016-05-03. Following the transaction, the Chairman, President and CEO is left with a stake of 629,514 shares, currently valued at $5848185. Meanwhile, Director Peterson Lynn A sold 25,000 shares worth $494000, through a transaction dated 2015-03-04. Following the completion of the transaction, the insider is left with a stake of 729,682 shares, amounting $6778745.78. WLL Director Peterson Lynn A also sold 25,000 shares, at a stock price of $19.73. This transaction occurred on 2015-02-04 totals $493250. After this transaction, the insider’s stake stands at 729,682 shares, with a market value of $6778746.
Executives hold 1.26 percent of the stock. Mr. Lynn A. Peterson is one of the biggest insider owners in Whiting Petroleum Corporation (NYSE:WLL), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 663,509 shares which have current market value of around $6163998.61.James J. Volker is another major inside shareholder in the company. The insider owns 568,815 shares as of 0.16%, currently worth $5284291.35. Mr. James E. Catlin is ranked as third insider holder of the stock. This insider holds 232,597 shares with a market value around $2160826.13 as of recent close.
Whiting Petroleum Corporation (NYSE:WLL) Earnings Outlook
In Whiting Petroleum Corporation (NYSE:WLL)’s latest quarter, EPS moved to $-0.28 from $-0.47 in preceding quarter and revenues reached at $342.70M compared to $129.23M. Analysts had expected Whiting Petroleum Corporation (NYSE:WLL) to post net income of about $-0.32 per share on $355.23M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.25 to $-0.11. That is compared with the $-0.85 in EPS it reported during the same period a year ago.