Barclays Issues a Hold Rating on Whiting Petroleum Corp

By Carrie Williams

Barclays analyst Jeffrey Robertson maintained a Hold rating on Whiting Petroleum Corp (NYSE: WLL) yesterday and set a price target of $10. The company’s shares opened today at $8.08.

According to, Robertson is a 4-star analyst with an average return of 3.3% and a 46.4% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Gulfport Energy Corp, and Resolute Energy Corp.

Whiting Petroleum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $13.

Based on the recent corporate insider activity of 41 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.

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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.