Whiting Petroleum Rating Increased to Buy at SunTrust (WLL)
Whiting Petroleum (NYSE: WLL) was upgraded by equities research analysts at SunTrust (NYSE: STI) from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other firms have also recently commented on WLL. Analysts at Societe Generale initiated coverage on shares of Whiting Petroleum in a research note to investors on Monday, April 23rd. They set a “hold” rating on the stock. Separately, analysts at CLSA upgraded shares of Whiting Petroleum from an “outperform” rating to a “buy” rating in a research note to investors on Thursday, April 12nd. Finally, analysts at Brean Murray initiated coverage on shares of Whiting Petroleum in a research note to investors on Thursday, April 12nd. They set a “buy” rating and a $70.00 price target on the stock.
Whiting Petroleum traded up 0.02% on Friday, hitting $56.80. Whiting Petroleum has a 52-week low of $28.87 and a 52-week high of $69.70. The company has a market cap of $6.672 billion and a price-to-earnings ratio of 13.71.
The company last announced its quarterly results on Wednesday, April 25th. It reported $1.03 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $1.03 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Analysts expect that Whiting Petroleum will post $1.15 EPS next quarter.
Whiting Petroleum Corporation is an independent oil and gas company. It is engaged in acquisition, development, exploitation, production and exploration activities primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.