UBS raised its price target for Whiting Petroleum (WLL) to $104 from $98 Thursday, reiterating its "buy" rating for the stock.
The analyst firm also raised its EPS estimates for Whiting following the company's strong second quarter which saw higher production and lower costs.
I am working on my forecast model now.
Whiting Petroleum (WLL)
Whiting Petroleum (WLL)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Whiting Petroleum (WLL)
Whiting Petroleum (WLL): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 tab.
Since the merger with KOG has been announced, First Call's Price target has been increased more than $10/share.
My forecast model assumes the merger with KOG is closed early in the 4th quarter. Since it is a merger it doesn't really matter when it closes for a valuation. The shareholders will get the value for the combined company whenever it closes. There is always a small chance that any merger won't close, but in this case it is a very small risk.
My Fair Value Estimate is $121.70/share.
Since the merger with KOG has been announced, First Call's Price target has been increased more than $10/share.
My forecast model assumes the merger with KOG is closed early in the 4th quarter. Since it is a merger it doesn't really matter when it closes for a valuation. The shareholders will get the value for the combined company whenever it closes. There is always a small chance that any merger won't close, but in this case it is a very small risk.
My Fair Value Estimate is $121.70/share.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Whiting Petroleum (WLL)
Stifel has raised their price target on WLL to $105
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Whiting Petroleum (WLL)
COVERAGE REITERATED: Whiting Petroleum (WLL) reiterated by Barclays. Reiterated rating Overweight.
BRIEFING.COM 11:25 AM ET 8/1/2014
BRIEFING.COM 11:25 AM ET 8/1/2014