Whiting Petroleum (WLL) Named Best Idea, PT Raised to $85 at Cowen

Cowen analyst David Deckelbaum raised the price target on Whiting Petroleum (NYSE: WLL) to $85.00 while maintaining an Outperform rating and named the stock a Best Idea for 2022 as free cash flow is accelerating.

The analyst commented, "Whiting is our best idea for 2022. We expect E&P companies in general to benefit from ongoing adherence to return of capital programs and expect newcomers to the ROC concert to be applauded more than most. WLL commands an ideal profile: debt free by year-end and initiating a capital return program in 2022 that is supported by the reality of 100% of EV earned in FCF by 2026."

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