Raymond James Initiates Coverage on Whiting Petroleum (WLL)

By admin | 6 years ago

Raymond James (NYSE: RJF) initiated coverage on shares of Whiting Petroleum (NYSE: WLL) in a research note issued on Tuesday. The firm set a “market perform” rating on the stock.

WLL has been the subject of a number of other recent research reports. Analysts at SunTrust (NYSE: STI) upgraded shares of Whiting Petroleum from a “neutral” rating to a “buy” rating in a research note to investors on Friday, April 27th. Separately, 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. Finally, 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.

Whiting Petroleum traded down 3.57% on Tuesday, hitting $55.61. Whiting Petroleum has a 1-year low of $28.87 and a 1-year high of $69.29. The company has a market cap of $6.541 billion and a price-to-earnings ratio of 12.00.

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 $1.14 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.

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