Whiting Petroleum (NYSE:WLL) Rating Upgrade

In an analyst note revealed on Monday morning, Tudor Pickering stated it was upgrading Whiting Petroleum (NYSE:WLL) stock from a “Sell” to a “Hold”.

Despite this stock rating upgrade NYSE:WLL is now trading -7.74% lower at $25.74 as of 6:07 AM New York time. Whiting Petroleum shares have [From2] 0% over the last 200 days, while the S&P 500 has increased 6.00% during the same time.

Out of 34 brokers covering Whiting Petroleum, 16 rate it a Buy, 21 indicate a Hold while 3 suggest a Sell. The highest target is $32 and the lowest is $3 according to Thomson/First Call. The 12-month mean target is $13.74, which means downside potential of 46.62% over the current price.

Institutional Ownership

Beach Point Capital Management Lp had the biggest stake with ownership of 2.74M shares as of q2 2015 for 12.81% of the US long equity exposure. Fine Capital Partners L.P. is another bullish investment professional who is possessing 13.76M shares of Whiting Petroleum or 12.33% of their US long equity exposure. Furthermore, Schneider Capital Management Corp have 8.66% of their US long equity exposure invested in the company for 6.09M shares. The Bahamas-based fund Key Group Holdings (Cayman) Ltd. disclosed it had purchased a stake worth about 7.79% of the investment professional’s stock portfolio in Whiting Petroleum. The New York-based fund Proxima Capital Management Llc is also positive about the stock, possessing 10.47M shares or 3.69% of their US long equity exposure.

Whiting Petroleum (NYSE:WLL) Profile

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Whiting Petroleum (NYSE:WLL) traded down -7.74% on 12 February, hitting $25.74. A total of shares of the company’s stock traded hands. This is down from average of 5.75 million shares. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $53.58. The company has a market cap of $2.33 billion and a P/E ratio of 0.

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