Barclays Sticks to Their Hold Rating for Whiting Petroleum (WLL)

By Jason Carr

Barclays analyst William S. Thompson maintained a Hold rating on Whiting Petroleum (WLLResearch Report) on December 6 and set a price target of $5.00. The company’s shares closed last Monday at $5.19, close to its 52-week low of $4.29.

According to TipRanks.com, Thompson is a 1-star analyst with an average return of -8.4% and a 37.5% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development, Extraction Oil & Gas, and Oasis Petroleum.

Currently, the analyst consensus on Whiting Petroleum is a Hold with an average price target of $8.36, representing a 79.0% upside. In a report issued on December 4, KeyBanc also downgraded the stock to Hold.

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The company has a one-year high of $31.18 and a one-year low of $4.29. Currently, Whiting Petroleum has an average volume of 9.63M.

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Whiting Petroleum Corp. is an independent oil and gas company, which 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.