Whiting Petroleum Corp. Receives a Hold from J.P. Morgan

By Carrie Williams

J.P. Morgan analyst Michael Glick reiterated a Hold rating on Whiting Petroleum Corp. (NYSE: WLL) yesterday and set a price target of $10. The company’s shares opened today at $8.46.

According to TipRanks.com, Glick is a 5-star analyst with an average return of 25.2% and a 79.5% success rate. Glick covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp., Oasis Petroleum Inc., and Carrizo Oil & Gas.

Currently, the analyst consensus on Whiting Petroleum Corp. is Moderate Buy and the average price target is $10.50, representing a 24.1% upside.

In a report issued on October 26, FBR Capital also reiterated a Hold rating on the stock with a $8 price target.

The company has a one year high of $17.84 and a one year low of $3.35. Currently, Whiting Petroleum Corp. has an average volume of 23.71M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WLL in relation to earlier this year. Most recently, in May 2016, James Volker, the COB, Pres & CEO of WLL bought 10,000 shares for a total of $102,900.

Whiting Petroleum Corp. engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains and Permian Basin regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.