What Do Analysts Recommend for Whiting Post-2Q16 Results?



Analysts’ recommendations for Whiting

Following Whiting Petroleum’s (WLL) 2Q16 earnings release, Wall Street analysts updated their target prices for the next 12 months.

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Consensus rating for Whiting Petroleum

Approximately 45% of analysts rate Whiting a “buy,” 47% rate it a “hold,” and 8% rate it a “sell.” The average broker target price of $13.11 for Whiting implies a return of around ~91% in the next 12 months. Upstream peers Concho Resources (CXO) and Cimarex Energy (XEC) have implied returns of 12% and ~172%, respectively, in the next 12 months.

High, low, and median analyst target prices for Whiting are $20, $6, and $12.30, respectively. Whiting Petroleum is a component of the First Trust Energy AlphaDEX ETF (FXN). The FXN ETF invests ~0.50% of its portfolio in the company.


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