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Fly News Breaks for March 25, 2015
WLL
Mar 25, 2015 | 08:18 EDT
Stephens lowered its price target on Whiting Petroleum shares to $37 to account for dilution from its equity and debt offerings. The financing provides near-term liquidity and should alleviate concerns over its debt levels, the firm said, adding that it sees the company as well positioned to quickly ramp production when commodities rebound. Stephens keep an Overweight rating on Whiting shares.
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