Analysts’ targets for Whiting Petroleum
Let’s take a look at analysts’ high, low, average, and median target prices for Whiting Petroleum (WLL). Whiting Petroleum’s high target price stands at $23. Its low target price is $6.90, while its average target price is $14.21.
Whiting Petroleum’s stock price on February 8, 2017, was $10.69. Compared to its current level, the company’s average target price of $14.21 indicates a return of ~33% over the next 12 months. Whiting Petroleum makes up 2.3% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Recent upgrades and downgrades
On December 1, Stifel upgraded its ratings for Whiting Petroleum from “hold” to “buy.”
Whiting Petroleum’s peer Continental Resources (CLR) was recently downgraded by Deutsche Bank, J.P. Morgan (JPM), and KLR Group. On December 8, Deutsche Bank downgraded its ratings for Continental Resources from “buy” to “hold.” On the same day, J.P. Morgan downgraded its ratings for Continental Resources from “overweight” to “neutral.” KLR Group downgraded Continental Resouces from “accumulate” to “hold” on December 5.