Equities Analysts Offer Predictions for Whiting Petroleum Corp.’s Q3 2016 Earnings (WLL)
Whiting Petroleum Corp. (NYSE:WLL) – Investment analysts at Oppenheimer Holdings issued their Q3 2016 earnings estimates for Whiting Petroleum Corp. in a research note issued on Monday. Oppenheimer Holdings analyst R. Du. Boff forecasts that the brokerage will post earnings per share of ($0.40) for the quarter. Oppenheimer Holdings also issued estimates for Whiting Petroleum Corp.’s Q4 2016 earnings at ($0.30) EPS and FY2016 earnings at ($2.18) EPS.
Several other brokerages have also recently commented on WLL. Morgan Stanley upgraded Whiting Petroleum Corp. from an “underweight” rating to an “equal weight” rating and set a $13.00 target price on the stock in a report on Friday, June 24th. SunTrust Banks Inc. set a $20.00 target price on Whiting Petroleum Corp. and gave the company a “buy” rating in a report on Monday, October 10th. KLR Group reiterated a “buy” rating and issued a $15.00 target price (down from $19.00) on shares of Whiting Petroleum Corp. in a report on Wednesday, June 29th. Vetr cut Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price on the stock. in a report on Monday, October 3rd. Finally, Mizuho began coverage on Whiting Petroleum Corp. in a report on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.16.
Whiting Petroleum Corp. (NYSE:WLL) traded up 6.34% during trading on Wednesday, hitting $8.89. 11,077,568 shares of the company traded hands. Whiting Petroleum Corp. has a 12-month low of $3.35 and a 12-month high of $19.73. The firm’s market capitalization is $2.45 billion. The stock has a 50-day moving average price of $8.02 and a 200-day moving average price of $9.38.
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Whiting Petroleum Corp. (NYSE:WLL) last released its earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The firm earned $339.58 million during the quarter, compared to the consensus estimate of $374.83 million. During the same period in the prior year, the business posted $0.04 earnings per share. Whiting Petroleum Corp.’s quarterly revenue was down 42.4% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in WLL. Investors Capital Advisory Services purchased a new position in shares of Whiting Petroleum Corp. during the second quarter worth $113,000. Comerica Bank boosted its position in shares of Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Whiting Petroleum Corp. by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock worth $121,000 after buying an additional 2,000 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Whiting Petroleum Corp. during the second quarter worth $128,000. Finally, Sigma Planning Corp boosted its position in shares of Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 3,471 shares in the last quarter. 77.33% of the stock is currently owned by institutional investors.
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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