In a report released today, Drew Venker from Morgan Stanley maintained a Buy rating on Whiting Petroleum Corp (WLL), with a price target of $46. The company’s shares opened today at $30.40.
According to TipRanks.com, Venker is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.1% and a 29.2% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Continental Resources, Range Resources Corp, and Gulfport Energy Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Whiting Petroleum Corp with a $58 average price target, a 90.8% upside from current levels. In a report issued on November 12, Credit Suisse also upgraded the stock to Buy with a $50 price target.
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Based on Whiting Petroleum Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $121 million. In comparison, last year the company had a GAAP net loss of $286 million.
Based on the recent corporate insider activity of 52 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.
