One Reason Why Whiting Petroleum (WLL) Stock Is Gaining Today

Whiting Petroleum (WLL) stock is advancing on Wednesday morning as Credit Suisse upgraded shares to ‘outperform.’
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Whiting Petroleum (WLL) - Get Report are increasing 0.91% to $8.88 on Wednesday morning as Credit Suisse raised its rating on the stock to "outperform" from "neutral," the Fly reports.

The firm also upped its price target to $14 from $13 on shares.

The higher rating and price target come after a pullback in shares following the recently announced debt swap, the firm said according to the Fly.

Whiting is a Denver-based oil and gas company.

Separately, oil prices are lower today. Crude oil (WTI) is dropping 1.15% to $46.26 per barrel and Brent crude is slumping 1.36% to $47.81 per barrel this morning.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WLL

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