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What Are Analysts’ Recommendations for Whiting Petroleum?

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Analysts’ recommendations

After Whiting Petroleum’s (WLL) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

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Consensus ratings for Whiting Petroleum

Approximately 46% of the analysts rated Whiting Petroleum a “buy,” ~46% rated it a “hold,” and ~8% rated it a “sell.” The average broker target price of $12.21 for Whiting Petroleum implies a return of around -0.16% over the next 12 months.

Whiting Petroleum’s upstream peers PDC Energy (PDCE), Rice Energy (RICE), and Oasis Petroleum (OAS) have average broker target prices of $70.04, $18.98, and $9.08, respectively. These figures imply approximate returns of 7%, 8.6%, and -13%, respectively, in the next 12 months.

The high, low, and median analyst target prices for Whiting Petroleum are $36, $4, and $12, respectively.

Whiting Petroleum is part of the Vanguard Energy ETF (VDE). VDE invests ~0.24% of its portfolio in the company.

Analysts’ target prices

Barclays (BCS) gave Whiting Petroleum one of the most optimistic target prices of $13. This implies returns of ~6.3% in the next 12 months.

Capital One Securities and RBC Capital Markets gave Whiting Petroleum target prices of $12 each. This implies returns of about -2% in the next 12 months.

Evercore ISI gave Whiting Petroleum an even lower target price of $11. This implies returns of -10% in the next 12 months.

Morgan Stanley (MS) gave the lowest targets. It gave Whiting Petroleum a target price of $4. This implies returns of about -39% over the next year.

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