Whiting Petroleum Upgraded at Stifel

Shares of Whiting Petroleum (WLL) - Get Report were higher on Thursday as Stifel upgraded its rating on the shares to BUY from HOLD. Analysts at Stifel say the exploration and production company has high quality shale assets, which are capable of generating strong long-term growth. Prior to OPEC's announcement Wednesday to curb production, the analysts had been concerned about downside oil price risk. But, they raised their oil price forecast 10% to $55 in light of the agreement. Stifel raised its price target for Whiting Petroleum by $7 to $15.

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