Credit Suisse Remains a Hold on Whiting Petroleum Corp (WLL)
Credit Suisse analyst Betty Jing maintained a Hold rating on Whiting Petroleum Corp (WLL) on September 16 and set a price target of $11. The company’s shares closed last Monday at $9.52, close to its 52-week low of $6.
According to TipRanks.com, Jing has 0 stars on 0-5 star ranking scale with an average return of -14.9% and a 27.5% success rate. Jing covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Laredo Petroleum.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Whiting Petroleum Corp with a $15.23 average price target, implying a 66.8% upside from current levels. In a report issued on September 10, Merrill Lynch also downgraded the stock to Hold with a $11 price target.
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Whiting Petroleum Corp’s market cap is currently $869.2M and has a P/E ratio of 3.49. The company has a Price to Book ratio of 0.21.
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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.