Susquehanna Reaffirms Their Hold Rating on Whiting Petroleum Corp


Susquehanna analyst Biju Perincheril reiterated a Hold rating on Whiting Petroleum Corp (NYSE: WLL) on July 9 and set a price target of $58. The company’s shares closed yesterday at $52.47, close to its 52-week high of $56.47.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Continental Resources.

Currently, the analyst consensus on Whiting Petroleum Corp is a Moderate Buy with an average price target of $57.64, implying a 9.9% upside from current levels. In a report issued on July 9, Jefferies also reiterated a Hold rating on the stock with a $49 price target.

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The company has a one-year high of $56.47 and a one-year low of $15.88. Currently, Whiting Petroleum Corp has an average volume of 4.63M.

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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.

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