Whiting Petroleum Receives a Buy from Barclays

By George MacDonald

In a report released today, Jeffrey Robertson from Barclays resumed coverage with a Buy rating on Whiting Petroleum (NYSE: WLL) and a price target of $85. The company opened today at $61.24.

Currently, the analyst consensus on Whiting Petroleum is Moderate Buy and the average price target is $105.38, representing a 72.1% upside. In a report published on October 22, Wunderlich also resumed coverage with a Buy rating on the stock with a $85 price target.

Whiting Petroleum`s market cap is currently $7.05B and has a P/E ratio of 17.5. The company has a book value ratio of 1.79%.

According to TipRanks.com, Robertson is a 3-star analyst with an average return of 2.8% and a 47.0% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Memorial Resource Development, Quicksilver Resources Inc., and Gulfport Energy Corp.

Whiting Petroleum Corp is an independent oil and gas company engaged in exploration, development, acquisition and production activities mainly in the Rocky Mountains and Permian Basin regions of the United States.