Whiting Petroleum Corp. (WLL) Expected to Earn FY2017 Earnings of ($0.96) Per Share
Whiting Petroleum Corp. (NYSE:WLL) – Investment analysts at Oppenheimer Holdings issued their FY2017 earnings per share estimates for shares of Whiting Petroleum Corp. in a report issued on Monday. Oppenheimer Holdings analyst R. Du. Boff forecasts that the firm will post earnings per share of ($0.96) for the year.
Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by $0.18. The firm had revenue of $339.58 million for the quarter, compared to analysts’ expectations of $374.83 million. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. The business’s revenue for the quarter was down 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS.
Several other equities analysts have also weighed in on the stock. Vetr upgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $9.80 target price on the stock in a report on Monday. SunTrust Banks Inc. set a $20.00 target price on shares of Whiting Petroleum Corp. and gave the company a “buy” rating in a report on Monday, October 10th. Mizuho assumed coverage on shares of Whiting Petroleum Corp. in a report on Wednesday, October 5th. They set a “neutral” rating and a $9.00 target price on the stock. Nomura restated a “hold” rating and set a $11.00 target price on shares of Whiting Petroleum Corp. in a report on Monday, October 3rd. Finally, FBR & Co restated a “marketperform” rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Whiting Petroleum Corp. presently has a consensus rating of “Hold” and a consensus price target of $13.16.
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Whiting Petroleum Corp. (NYSE:WLL) traded down 1.007% during trading on Tuesday, hitting $8.355. The company had a trading volume of 12,539,544 shares. The company’s 50 day moving average price is $8.01 and its 200-day moving average price is $9.38. The company’s market cap is $2.30 billion. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $20.38.
Several large investors have recently modified their holdings of WLL. Lorber David A purchased a new stake in shares of Whiting Petroleum Corp. during the first quarter valued at approximately $199,000. Keane Capital Partners LLC bought a new position in Whiting Petroleum Corp. during the first quarter valued at $838,000. Adage Capital Partners GP L.L.C. raised its position in Whiting Petroleum Corp. by 81.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,000,000 shares of the oil and gas exploration company’s stock valued at $15,960,000 after buying an additional 900,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Whiting Petroleum Corp. by 116.1% in the first quarter. Renaissance Technologies LLC now owns 1,893,076 shares of the oil and gas exploration company’s stock valued at $15,107,000 after buying an additional 1,017,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in Whiting Petroleum Corp. by 19.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,539,100 shares of the oil and gas exploration company’s stock valued at $20,262,000 after buying an additional 418,000 shares in the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.
Whiting Petroleum Corp. Company Profile
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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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