Equities research analysts predict that Whiting Petroleum Corporation (NYSE:WLL) will report $340.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Whiting Petroleum Corporation’s earnings, with the highest sales estimate coming in at $371.21 million and the lowest estimate coming in at $301.40 million. Whiting Petroleum Corporation reported sales of $129.23 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 163.2%. The business is expected to issue its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Whiting Petroleum Corporation will report full year sales of $340.11 million for the current year, with estimates ranging from $1.33 billion to $1.53 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.65 billion per share, with estimates ranging from $1.19 billion to $2.23 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Whiting Petroleum Corporation.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter in the previous year, the business earned ($0.70) EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis.

WLL has been the topic of a number of analyst reports. KLR Group increased their price objective on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the company a “buy” rating in a report on Monday, May 1st. R. F. Lafferty increased their price objective on Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Citigroup Inc. lowered their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Cowen and Company set a $8.00 price objective on Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus lowered their price objective on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.28.

Institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC bought a new position in Whiting Petroleum Corporation during the second quarter valued at approximately $102,000. Campbell & CO Investment Adviser LLC increased its position in shares of Whiting Petroleum Corporation by 24.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 3,988 shares during the last quarter. World Asset Management Inc increased its position in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after buying an additional 570 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of Whiting Petroleum Corporation during the second quarter valued at about $121,000. Finally, Gotham Asset Management LLC increased its position in shares of Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares during the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 4.79 on Monday. Whiting Petroleum Corporation has a one year low of $4.61 and a one year high of $13.39. The stock’s 50 day moving average price is $5.19 and its 200-day moving average price is $8.03. The stock’s market cap is $1.74 billion.

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Whiting Petroleum Corporation 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 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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Earnings History and Estimates for Whiting Petroleum Corporation (NYSE:WLL)

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