Jefferies Maintains a 'Buy' on Whiting Petroleum (WLL); Cutting PT and Estimates

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.

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