Whiting Petroleum Corporation (NYSE:WLL) – Investment analysts at Capital One Financial Corporation reduced their Q3 2017 earnings estimates for Whiting Petroleum Corporation in a note issued to investors on Tuesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas exploration company will post earnings of ($0.18) per share for the quarter, down from their prior forecast of ($0.17). Capital One Financial Corporation also issued estimates for Whiting Petroleum Corporation’s FY2018 earnings at ($0.77) EPS.

Whiting Petroleum Corporation (NYSE:WLL) last posted its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $345.64 million. During the same period in the previous year, the business earned ($0.70) EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis.

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WLL has been the topic of a number of other research reports. Zacks Investment Research raised shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. KLR Group lifted their price target on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the company a “buy” rating in a report on Monday, May 1st. BidaskClub raised Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Bank of America Corporation initiated coverage on Whiting Petroleum Corporation in a report on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price target on the stock. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $15.00 price target on shares of Whiting Petroleum Corporation in a report on Monday, May 8th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.28.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 4.32 on Friday. The stock’s market capitalization is $1.57 billion. Whiting Petroleum Corporation has a 12-month low of $4.27 and a 12-month high of $13.39. The stock has a 50 day moving average price of $5.08 and a 200 day moving average price of $7.81. Whiting Petroleum Corporation also was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 1,246 put options on the company. This is an increase of approximately 159% compared to the average volume of 482 put options.

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Whiting Petroleum Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock worth $155,236,000 after buying an additional 254,053 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Whiting Petroleum Corporation by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after buying an additional 4,483,396 shares in the last quarter. Fine Capital Partners L.P. raised its position in Whiting Petroleum Corporation by 53.7% in the second quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock worth $117,566,000 after buying an additional 7,450,722 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Whiting Petroleum Corporation by 8.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 19,517,667 shares of the oil and gas exploration company’s stock worth $107,542,000 after buying an additional 1,440,273 shares in the last quarter. Finally, Schneider Capital Management Corp raised its position in Whiting Petroleum Corporation by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after buying an additional 2,230,237 shares in the last quarter. 83.22% of the stock is owned by hedge funds and other institutional investors.

About Whiting Petroleum Corporation

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.

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

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