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

|About: Whiting Petroleum Corporation (WLL)|By:, SA News Editor

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.