Consensus ratings for Whiting Petroleum
Approximately 24% of analysts have rated Whiting Petroleum (WLL) a “strong buy” and ~55% have rated it as a “hold.” The average broker target price of $13.96 for WLL implies a return of ~14% over the next 12 months.
Whiting Petroleum’s (WLL) high target price stands at $23.00 and its low target price is ~$6.90.
Recent upgrades and downgrades on WLL stock
On December 16, Wells Fargo downgraded its ratings for WLL from “outperform” to “market perform.” On the other hand, Stifel upgraded its ratings for WLL from “hold” to “buy” on December 1.
WLL’s peer Continental Resources (CLR) was recently downgraded by Deutsche Bank, J.P. Morgan (JPM), and KLR Group. On December 8, Deutsche Bank (DB) downgraded its ratings for CLR from “buy” to “hold.” On the same day, J.P. Morgan downgraded its ratings for CLR from “overweight” to “neutral.” KLR Group downgraded CLR from “accumulate” to “hold” on December 5.
Analysts’ forecasts for 4Q16
For 4Q16, analysts have projected an average earnings estimate of -$0.32 per share for WLL. The low estimate stands at around -$0.38 per share, while the high estimate stands at -$0.21per share. The average revenue estimate for WLL is ~$354 million for 4Q16, whereas the low revenue estimate stands at ~$324 million. The high revenue estimate stands at ~$423.5 million.
Read Whiting Petroleum’s 3Q16 Earnings and Revenue Disappoint to see how WLL performed in 3Q16.