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Watchlist Update: 8-5 - WLL - Whiting Petroleum - Analyst Comments

TIGER'S TAKE:  On our watch list/trading list. As with the overall market and the Oil sector this has been pummeled into the ground. At some point this becomes a good value play. Which could be a while out, but opportunities to nibble and take a few bites.   $WLL


Whiting Petroleum analyst commentary at Raymond James

Whiting Petroleum price target lowered to $25 from $35 at Raymond James. Raymond James analyst John Freeman lowered his price target for Whiting Petroleum to $25 from $35 after the company delivered "disappointing" quarterly results and lowered its oil growth outlook significantly, which "spooked the market" along with an unexpected restructuring. In a research note to investors, Freeman says he feels that the Street is mistakenly assuming a meaningful degradation in acreage quality in these results, rather than the largely external issues that appear to be driving the lowered guidance. While painful in the short run, the analyst believes these issues will work themselves out and maintains a Strong Buy rating.

Source: (thefly.com)


$WLL, Whiting Petroleum Corporation / H1


Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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