Upgrade Alert for Whiting Petroleum (WLL)
Whiting Petroleum (NYSE:WLL) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $8.61 on volume of 36.2 million shares, above average daily volume of 28.9 million.
Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities. The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-Continent regions of the United States.
In the past 52 weeks, Whiting Petroleum share prices have been bracketed by a low of $3.35 and a high of $39.15 and closed yesterday at $8.61, 157% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 6.1% while the 200-day MA has slid 2.4%.
Whiting Petroleum (NYSE:WLL) has potential upside of 215.6% based on a current price of $8.61 and analysts' consensus price target of $27.17. The stock should run into initial resistance at its 50-day moving average (MA) of $8.69 and subsequent resistance at its 200-day MA of $12.90.
SmarTrend recommended that its subscribers protect gains by selling shares of Whiting Petroleum on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $10.97. Since that call, shares of Whiting Petroleum have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades whiting petroleum