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Whiting Petroleum (WLL +2.3%) is upgraded to Outperform with a $60 price target (up from $50) at...

Whiting Petroleum (WLL +2.3%) is upgraded to Outperform with a $60 price target (up from $50) at BMO Capital, despite calling it "one of the more polarizing E&P stories, in which there is much debate and disagreement." BMO believes the outlook is weighed to the positive, seeing upside on a valuation basis with shares trading at a ~2-3x P/CF and EV/EBITDA multiple discount to peers.
Comments (1)
  • MexCom
    , contributor
    Comments (3050) | Send Message
     
    There is no limit to the upside on this one. The property mineral rights and the quality of oil involved makes it one of the best prospects in the energy market for stocks today.
    14 Feb 2013, 01:08 PM Reply Like
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