Morgan Stanley analyst Drew Venker maintained a Hold rating on Whiting Petroleum Corp (WLL) today and set a price target of $7.80. The company’s shares closed last Monday at $7.13, close to its 52-week low of $6.00.
According to TipRanks.com, Venker has 0 stars on 0-5 star ranking scale with an average return of -12.9% and a 40.5% 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 Hold analyst consensus rating for Whiting Petroleum Corp with a $13.64 average price target, which is a 92.4% upside from current levels. In a report issued on September 23, Citigroup also downgraded the stock to Hold with a $10.50 price target.
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Whiting Petroleum Corp’s market cap is currently $667.4M and has a P/E ratio of 2.68. The company has a Price to Book ratio of 0.16.
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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.
