Whiting Petroleum (NYSE:WLL) Stock Price Up 5.4%

Shares of Whiting Petroleum Co. (NYSE:WLL) rose 5.4% during trading on Tuesday . The company traded as high as $69.24 and last traded at $69.21. Approximately 5,407 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 658,735 shares. The stock had previously closed at $65.64.

WLL has been the topic of a number of research reports. KeyCorp raised their target price on shares of Whiting Petroleum from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, November 10th. Stifel Nicolaus initiated coverage on shares of Whiting Petroleum in a research note on Thursday, October 7th. They issued a “hold” rating on the stock. Piper Sandler raised their target price on shares of Whiting Petroleum from $50.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 21st. Truist raised their target price on shares of Whiting Petroleum from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 7th. Finally, Wells Fargo & Company raised their target price on shares of Whiting Petroleum from $63.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $70.00.

The stock has a market cap of $2.75 billion, a PE ratio of 20.76 and a beta of 2.57. The company’s 50 day moving average is $63.75 and its 200-day moving average is $53.37.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, November 3rd. The oil and gas exploration company reported $3.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.06 by $0.51. Analysts anticipate that Whiting Petroleum Co. will post 13.12 earnings per share for the current fiscal year.

In related news, Director Daniel J. Iv Rice acquired 15,150 shares of the firm’s stock in a transaction on Friday, November 12th. The stock was bought at an average cost of $67.66 per share, with a total value of $1,025,049.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in Whiting Petroleum by 41.5% during the 2nd quarter. FMR LLC now owns 5,329,641 shares of the oil and gas exploration company’s stock worth $290,732,000 after acquiring an additional 1,563,718 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Whiting Petroleum by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,737,521 shares of the oil and gas exploration company’s stock valued at $159,899,000 after buying an additional 513,518 shares during the period. BlackRock Inc. boosted its holdings in shares of Whiting Petroleum by 224.6% in the 2nd quarter. BlackRock Inc. now owns 2,708,082 shares of the oil and gas exploration company’s stock valued at $147,726,000 after buying an additional 1,873,833 shares during the period. State Street Corp boosted its holdings in shares of Whiting Petroleum by 103.2% in the 2nd quarter. State Street Corp now owns 1,769,485 shares of the oil and gas exploration company’s stock valued at $96,525,000 after buying an additional 898,721 shares during the period. Finally, Boston Partners boosted its holdings in shares of Whiting Petroleum by 39.1% in the 3rd quarter. Boston Partners now owns 1,669,915 shares of the oil and gas exploration company’s stock valued at $97,678,000 after buying an additional 469,005 shares during the period. 91.04% of the stock is owned by institutional investors.

About Whiting Petroleum (NYSE:WLL)

Whiting Petroleum Corp. engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.

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