What Are Analysts’ Recommendations for Whiting Petroleum?
Approximately 50% of the analysts covering Whiting Petroleum (WLL) rated it as a “hold,” while ~22% have rated it as a “strong buy.” Whiting Petroleum’s average broker target price is ~$7.88, which implies a return of 69.5% for the stock over the next 12 months. The highest and lowest broker target prices for Whiting Petroleum’s stock are $15.00 and $4.00, respectively.
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Analysts’ recent changes
On September 13, 2017, Morgan Stanley downgraded WLL stock from an “equalweight” rating to an “underweight” rating. Seaport Global Securities lowered Whiting Petroleum from a “neutral” to a “sell” earlier in June. Also in June, Macquarie lowered its rating for Whiting Petroleum from “outperform” to “neutral.” Previously, Credit Suisse had downgraded its rating for Whiting Petroleum stock from “outperform” to “neutral.” Earlier in May, Goldman Sachs lowered its rating for Whiting Petroleum from “neutral” to “sell.”