Published On: Fri, Apr 21st, 2017

Barclays Capital Indicates Potential 24.15% Increase In Shares Of Whiting Petroleum Corporation


On Friday Barclays Capital maintained its broker consensus on shares of Whiting Petroleum Corporation (NYSE:WLL) giving the company a ‘Hold’ rating.

Barclays Capital gave shares of Whiting Petroleum Corporation a price target of 10 indicating a potential increase of 24.15% from Whiting Petroleum Corporation’s current price of 8.06.

NYSE:WLL


In the prior 12 months Whiting Petroleum Corporation’s stock price has decreased by -20.56% from 10.14 to 8.06.

Whiting Petroleum Corporation has 362,698,000 shares in issue which have a share price of 8.06 giving Whiting Petroleum Corporation a market capitalisation of 2.92B USD .

The 52 week high of Whiting Petroleum Corporation’s shares is 14.44 whilst the 52 week low for the company’s shares is 6.38. The 50 day moving average of NYSE:WLL is 9.19 and the 200 day moving average is 10.27.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. Its Northern Rocky Mountains operations included properties in the Williston Basin of North Dakota and Montana targeting the Bakken and Three Forks formations and encompassing approximately 736,000 gross developed and undeveloped acres, as of December 31, 2016. Its Central Rocky Mountains operations included properties at its Redtail field in the Denver Julesburg Basin in Weld County, Colorado targeting the Niobrara and Codell/Fort Hays formations and encompassing approximately 157,200 gross developed and undeveloped acres, as of December 31, 2016. Its other operations primarily relate to non-core assets in Colorado, Mississippi, North Dakota, Texas and Wyoming.