Whiting Petroleum shares undervalued, says Brean Capital at Brean Capital Brean Capital believes shares of Whiting Petroleum are undervalued based on improving results from the Three Forks by a peer and its own Bakken results. The firm also expects improving margins and likes the shares for near-term timing of a trust filing for some mature assets. Shares are Buy rated with a $67 price target.
Whiting Petroleum downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded Continental Resources to Neutral and lowered its price target to $27 from $38. The firm downgraded shares based on potential extended commodity weakness and the impact on investment.