Whiting Petroleum Corporation (NYSE:WLL) – Equities researchers at Capital One Financial Corporation upped their Q3 2017 earnings per share estimates for shares of Whiting Petroleum Corporation in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and gas exploration company will post earnings per share of ($0.17) for the quarter, up from their previous estimate of ($0.18). Capital One Financial Corporation also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($0.67) EPS and FY2018 earnings at ($0.71) EPS.

Other research analysts have also issued research reports about the stock. Barclays PLC set a $5.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “hold” rating in a research note on Wednesday. BMO Capital Markets reissued a “hold” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a research note on Thursday, June 22nd. Seaport Global Securities lowered shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $10.00 to $4.00 in a research note on Wednesday, June 21st. Piper Jaffray Companies lowered their price objective on shares of Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Finally, BidaskClub lowered shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.53.

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Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 5.32 on Thursday. The stock has a 50 day moving average of $4.91 and a 200 day moving average of $6.30. The stock’s market cap is $1.93 billion. Whiting Petroleum Corporation has a 12 month low of $3.97 and a 12 month high of $13.39.

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

A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Fine Capital Partners L.P. increased its stake in Whiting Petroleum Corporation by 53.7% in the 2nd quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after buying an additional 7,450,722 shares during the period. Vanguard Group Inc. increased its stake in Whiting Petroleum Corporation by 28.6% in the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock valued at $264,116,000 after buying an additional 6,211,479 shares during the period. Dimensional Fund Advisors LP increased its stake in Whiting Petroleum Corporation by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after buying an additional 4,483,396 shares during the period. Renaissance Technologies LLC acquired a new position in Whiting Petroleum Corporation in the 1st quarter valued at $29,442,000. Finally, Numeric Investors LLC increased its stake in Whiting Petroleum Corporation by 163.0% in the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after buying an additional 2,997,300 shares during the period. 83.18% of the stock is currently owned by 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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