Equities analysts expect that Whiting Petroleum Corp (NYSE:WLL) will report earnings per share of $0.65 for the current quarter, Zacks reports. Eleven analysts have made estimates for Whiting Petroleum’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.37. Whiting Petroleum posted earnings of ($0.56) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 216.1%. The firm is expected to report its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Whiting Petroleum will report full year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.32 to $3.55. For the next year, analysts anticipate that the firm will report earnings of $4.18 per share, with EPS estimates ranging from $2.78 to $5.79. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The firm had revenue of $526.40 million for the quarter, compared to analysts’ expectations of $505.32 million. Whiting Petroleum had a positive return on equity of 1.82% and a negative net margin of 58.02%. The company’s revenue was up 69.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS.
WLL has been the topic of a number of recent research reports. Stephens set a $68.00 target price on Whiting Petroleum and gave the stock a “buy” rating in a report on Tuesday, April 24th. Stifel Nicolaus set a $49.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Monday, April 23rd. Robert W. Baird set a $44.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Monday, April 23rd. KeyCorp raised their price objective on shares of Whiting Petroleum from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, April 23rd. Finally, SunTrust Banks set a $60.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Sunday, April 22nd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.58.
Whiting Petroleum stock traded up $0.47 during trading on Friday, reaching $47.96. The company had a trading volume of 2,026,166 shares, compared to its average volume of 3,066,992. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $56.47. The stock has a market cap of $4.32 billion, a P/E ratio of -36.61, a P/E/G ratio of 2.00 and a beta of 2.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 0.51.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Barings LLC purchased a new position in shares of Whiting Petroleum during the first quarter valued at about $14,149,000. FMR LLC lifted its stake in shares of Whiting Petroleum by 79.9% in the second quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock valued at $696,101,000 after purchasing an additional 5,865,141 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Whiting Petroleum by 16.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,758,914 shares of the oil and gas exploration company’s stock valued at $194,882,000 after purchasing an additional 799,728 shares during the period. Millennium Management LLC lifted its stake in shares of Whiting Petroleum by 44.9% in the first quarter. Millennium Management LLC now owns 2,130,901 shares of the oil and gas exploration company’s stock valued at $72,110,000 after purchasing an additional 659,949 shares during the period. Finally, Iridian Asset Management LLC CT acquired a new position in Whiting Petroleum during the second quarter worth about $84,482,000. Institutional investors and hedge funds own 99.85% of the company’s stock.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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