Equities analysts forecast that Whiting Petroleum Corp (NYSE:WLL) will post earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Whiting Petroleum’s earnings. The highest EPS estimate is $0.46 and the lowest is ($0.58). Whiting Petroleum reported earnings per share of ($0.60) during the same quarter last year, which would suggest a positive year-over-year growth rate of 120%. The business is scheduled to announce its next earnings report on Wednesday, April 25th.
On average, analysts expect that Whiting Petroleum will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from ($2.29) to $2.26. For the next year, analysts expect that the company will report earnings of $0.35 per share, with EPS estimates ranging from ($2.83) to $3.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The business had revenue of $474.40 million for the quarter, compared to analyst estimates of $424.55 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The company’s revenue was up 38.4% on a year-over-year basis.
WLL has been the topic of a number of research analyst reports. Barclays boosted their price target on Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. KeyCorp reiterated a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum in a research report on Friday, November 24th. Mizuho set a $26.00 target price on Whiting Petroleum and gave the company a “hold” rating in a research report on Friday, November 24th. ValuEngine lowered Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group initiated coverage on Whiting Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $29.00 target price on the stock. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.88.
Shares of Whiting Petroleum (WLL) traded up $0.02 during mid-day trading on Thursday, hitting $30.66. The stock had a trading volume of 3,942,121 shares, compared to its average volume of 5,054,792. Whiting Petroleum has a 1-year low of $15.88 and a 1-year high of $41.48. The stock has a market capitalization of $2,787.82, a price-to-earnings ratio of -2.25, a price-to-earnings-growth ratio of 4.89 and a beta of 3.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.77 and a quick ratio of 0.77.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the sale, the vice president now owns 37,122 shares in the company, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WLL. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after buying an additional 8,737,870 shares during the period. Fine Capital Partners L.P. raised its stake in shares of Whiting Petroleum by 23.7% during the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock worth $144,114,000 after buying an additional 5,057,592 shares during the period. DW Partners LP acquired a new position in shares of Whiting Petroleum during the 3rd quarter worth approximately $10,390,000. Encompass Capital Advisors LLC acquired a new position in shares of Whiting Petroleum during the 4th quarter worth approximately $31,776,000. Finally, Precocity Capital LP acquired a new position in shares of Whiting Petroleum during the 3rd quarter worth approximately $5,460,000. Institutional investors and hedge funds own 97.56% of the company’s stock.
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About Whiting Petroleum
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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