Whiting Petroleum (WLL) Stock Rising, Price Target Lowered at KeyBanc
NEW YORK (TheStreet) -- Shares of Whiting Petroleum (WLL) - Get Report are up 0.23% to $8.63 this morning despite KeyBanc lowering its price target on the stock to $12 from $15 today.
KeyBanc has an "overweight" rating on the stock.
The firm commented on the energy sector, saying that while the recent "downtick" in oil prices might cause some oil companies to be hesitant to "fully commit to activity additions" in the upcoming quarter, most are comfortable that prices have stabilized and are positioning for production growth in 2017.
Oil prices are making a slight rebound this morning.
Crude oil (WTI) is up 1.21% to $45.29 per barrel and Brent crude is advancing 1.51% to $46.96 per barrel.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
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.
You can view the full analysis from the report here: WLL
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.