Wells Fargo Maintains Their Hold Rating on Whiting Petroleum Corporation (WLL)
In a report released yesterday, Thomas Hughes CFA from Wells Fargo maintained a Hold rating on Whiting Petroleum Corporation (WLL). The company’s shares closed last Thursday at $17.84.
According to TipRanks.com, CFA has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.6% and a 36.7% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Northern Oil And Gas, and Matador Resources.
Whiting Petroleum Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $29.75.
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Based on Whiting Petroleum Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $91.6 million and GAAP net loss of $574 million. In comparison, last year the company earned revenue of $426 million and had a GAAP net loss of $5.69 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WLL in relation to earlier this year.
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Whiting Petroleum Corp is a US-based independent oil and gas company. It is engaged in the development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It explores the production of crude oil, natural gas liquids, and natural gas. The operations of the company are principally carried out in the United States. It derives the revenue from the sales of oil, natural gas liquids, and natural gas.
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