State Street Corp Decreases Position in Whiting Petroleum Corp. (WLL)

Credit Suisse analyst Mark Lear was out today with a research note on Whiting Petroleum Corp (NYSE:WLL), reiterating an Outperform rating, while reducing the price target to $12.00 (from $14.00), after the oil and gas company posted mixed second-quarter results, with production coming in below consensus and 2016 guided lower.

WLL has been the subject of several research reports. The current stock price is $6.52. Whiting Petroleum Corp. has a consensus rating of “Hold” and an average target price of $15.78. “0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.17” brokerage firms.

Now when we talk about Revenue Estimate for the current Fiscal Quarter, Average Revenue Estimate of Whiting Petroleum Corp.

During the past 4 weeks, traders have been relatively bearish on Whiting Petroleum Corporation (WLL), hence the stock is down -26.19% when compared to the S&P 500 during the same period. In addition to the new 30-well program, with stronger commodity prices and higher cash flow, the company plans to increase activity in the second half of the year and complete 16 gross (12.5 net) drilled unaccomplished (DUC) wells in the Williston Basin. The covering brokerage firms also offer predicted future one year price targets on the shares. The ratio dropped, as 114 funds sold all Whiting Petroleum Corp shares owned while 96 reduced positions. The stock was bought at an average cost of $10.30 per share, for a total transaction of $103,000.00. Analysts were looking for the company to report a loss of 30 cents per share and revenue of $403.76 million. The company stated a GAAP loss of $207 million, or $(0.15) per share, contrast to earnings of $0.08 a year ago, and achieved adjusted earnings per share of $0.27 for the period, contrast to $0.22 a year ago. (NYSE:WLL) traded down 11.058% on Monday, reaching $6.555. The company has the institutional ownership of 88.80% while the Beta factor was 3.12. (NYSE:WLL) is $13.15 while analysts mean recommendation is 2.50. Stock value has moved between $50.55 – 74.52 in last one year. On Oct 9, 2015 the shares registered one year high at $22.80 and the one year low of $3.35 was seen on Feb 25, 2016. The company has a market cap of $1.78B and now has 68.65M shares outstanding.

Research analysts at Seaport Global Securities lowered their Q3 2016 earnings per share estimates for shares of Whiting Petroleum Corp.in a research note issued to investors on Thursday. 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.