Jefferies Maintains a 'Buy' on Whiting Petroleum (WLL); Cutting PT and Estimates
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Price: $46.54 +2.71%
Rating Summary:
25 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
25 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade WLL Now!
Jefferies maintains a 'Buy' on Whiting Petroleum (NYSE: WLL) price target of $65.00 (from $70.00).
Analyst, Biju Z Perincheril, said, "Near-term there is upside to '12 growth targets, with double-digith growth expected again in '13, although WLL is outspending CF to achieve this. But balance sheet has plenty of capacity. Shares continue to be attractive on P1 valuation ($59 on $95/$4 deck)."
FY12 EPS estimate lowered from $4.10 to $3.79 and FY13 from $4.20 to $3.68.
For an analyst ratings summary and ratings history on Whiting Petroleum click here. For more ratings news on Whiting Petroleum click here.
Shares of Whiting Petroleum closed at $39.52 yesterday, with a 52 week range of $28.87-$63.97.
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Analyst, Biju Z Perincheril, said, "Near-term there is upside to '12 growth targets, with double-digith growth expected again in '13, although WLL is outspending CF to achieve this. But balance sheet has plenty of capacity. Shares continue to be attractive on P1 valuation ($59 on $95/$4 deck)."
FY12 EPS estimate lowered from $4.10 to $3.79 and FY13 from $4.20 to $3.68.
For an analyst ratings summary and ratings history on Whiting Petroleum click here. For more ratings news on Whiting Petroleum click here.
Shares of Whiting Petroleum closed at $39.52 yesterday, with a 52 week range of $28.87-$63.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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