In a report released today, David Deckelbaum from KeyBanc maintained a Buy rating on Whiting Petroleum Corp (NYSE: WLL), with a price target of $56. The company’s shares closed yesterday at $50.78, close to its 52-week high of $54.04.
According to TipRanks.com, Deckelbaum ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.5% and a 35.1% success rate. Deckelbaum covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Eclipse Resources.
Currently, the analyst consensus on Whiting Petroleum Corp is Moderate Buy and the average price target is $50, representing a -1.5% downside.
In a report issued on May 18, Stifel Nicolaus also reiterated a Buy rating on the stock with a $63 price target.
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Based on Whiting Petroleum Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $15.01 million. In comparison, last year the company had a GAAP net loss of $86.96 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
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Whiting Petroleum Corp. is an independent oil and gas company, which engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains and Permian Basin regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.
