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Whiting Petroleum Corp Gets a Hold Rating from Jefferies


Jefferies analyst Mark Lear reiterated a Hold rating on Whiting Petroleum Corp (NYSE: WLL) on July 9 and set a price target of $49. The company’s shares closed yesterday at $52.47, close to its 52-week high of $56.47.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.8% and a 54.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Continental Resources, and Extraction Oil & Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Whiting Petroleum Corp with a $56.55 average 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 $65.98 million.

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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.