Barclays Keeps a Hold Rating on Whiting Petroleum Corp

By Jason Carr

In a report issued on December 21, Jeffrey Robertson from Barclays maintained a Hold rating on Whiting Petroleum Corp (NYSE: WLL), with a price target of $20. The company’s shares closed on Friday at $25.14.

According to, Robertson is a 4-star analyst with an average return of 4.0% and a 51.6% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Vanguard Natural Resources LLC, and CNX Resources Corporation.

Currently, the analyst consensus on Whiting Petroleum Corp is Hold and the average price target is $29.13, representing a 15.9% upside.

In a report issued on December 11, Credit Suisse also initiated coverage with a Hold rating on the stock with a $29 price target.

Based on Whiting Petroleum Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $324 million and GAAP net loss of $286 million. In comparison, last year the company earned revenue of $316 million and had a GAAP net loss of $693 million.

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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.