Stifel Nicolaus Believes Whiting Petroleum Corp (NYSE: WLL) Won’t Stop Here

By Ryan Adsit

In a report released today, Michael Scialla from Stifel Nicolaus reiterated a Buy rating on Whiting Petroleum Corp (NYSE: WLL), with a price target of $63. The company’s shares closed yesterday at $51.76, close to its 52-week high of $51.94.

According to, Scialla is a 4-star analyst with an average return of 5.6% and a 61.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Abraxas Petroleum Corp, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Whiting Petroleum Corp is Moderate Buy and the average price target is $47.56, representing a -8.1% downside.

In a report issued on May 7, Robert W. Baird also maintained a Buy rating on the stock with a $50 price target.

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The company has a one-year high of $51.94 and a one-year low of $15.88. Currently, Whiting Petroleum Corp has an average volume of 4.96M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.

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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.