Whiting Petroleum (WLL) Gets a Hold Rating from Imperial Capital

By Ryan Adsit

Imperial Capital analyst Jason Wangler maintained a Hold rating on Whiting Petroleum (WLLResearch Report) today and set a price target of $10.00. The company’s shares closed last Monday at $7.04, close to its 52-week low of $6.00.

According to TipRanks.com, Wangler has 0 stars on 0-5 star ranking scale with an average return of -9.5% and a 33.9% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Denbury Resources, and Gulfport Energy.

The word on The Street in general, suggests a Hold analyst consensus rating for Whiting Petroleum with a $9.66 average price target, a 41.6% upside from current levels. In a report released yesterday, Merrill Lynch also maintained a Hold rating on the stock with a $10.00 price target.

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Whiting Petroleum’s market cap is currently $642.7M and has a P/E ratio of 2.58. The company has a Price to Book ratio of 0.15.

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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.