Market Overview

UPDATE: J.P. Morgan Upgrades Whiting Petroleum to Overweight on Catalysts, Valuation

Related WLL
Earnings Scheduled For October 29, 2014
KLR Group Offers Oil & Gas Exploration, Production Update; Names Favorite Stocks In Sector
Making Money With Charles Payne: 11/4/14 (Fox Business)

In a report published Monday, J.P. Morgan analyst Joseph Allman upgraded the rating on Whiting Petroleum Corp. (NYSE: WLL) from Neutral to Overweight, and raised the price target from $62.50 to $65.00.

In the report, Allman noted, “WLL is trading at a discount on both a NAV and multiples basis with near-term catalysts, so we think the stock will outperform. We rate the stock Overweight. Our model could be conservative if the company has success testing the higher-density pilot programs in the Williston Basin, accelerating in the Niobrara (Redtail), testing the horizontal Red River concepts, and testing the Hz prospects in the Permian (Big Tex). Positive news on potential asset monetizations (Postle field, MLP of midstream assets, and others) also could help the stock.”

Whiting Petroleum Corp. closed on Friday at $47.52.

Latest Ratings for WLL

DateFirmActionFromTo
Nov 2014CitigroupMaintainsBuy
Nov 2014BarclaysMaintainsOverweight
Oct 2014BarclaysMaintainsOverweight

View More Analyst Ratings for WLL
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Upgrades Analyst Ratings

 

Related Articles (WLL)

Around the Web, We're Loving...

Get Benzinga's Newsletters