Whiting Petroleum Corporation (NYSE:WLL) – Investment analysts at KeyCorp upped their Q3 2017 EPS estimates for Whiting Petroleum Corporation in a research note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas exploration company will post earnings per share of ($0.15) for the quarter, up from their previous estimate of ($0.16). KeyCorp currently has a “Buy” rating and a $7.00 target price on the stock. KeyCorp also issued estimates for Whiting Petroleum Corporation’s FY2017 earnings at ($0.60) EPS, Q1 2018 earnings at ($0.17) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.10) EPS and FY2018 earnings at ($0.55) EPS.

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

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A number of other research firms also recently commented on WLL. Cowen and Company reiterated a “buy” rating and issued a $8.00 price objective on shares of Whiting Petroleum Corporation in a report on Sunday, September 17th. Citigroup Inc. dropped their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Zacks Investment Research upgraded Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Thursday, October 12th. Barclays PLC set a $5.00 price objective on Whiting Petroleum Corporation and gave the company a “hold” rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets set a $6.00 price objective on Whiting Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.40.

Whiting Petroleum Corporation (WLL) opened at 5.10 on Monday. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39. The company has a 50 day moving average price of $5.07 and a 200-day moving average price of $6.13. The firm’s market cap is $1.85 billion.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Whiting Petroleum Corporation by 4.0% during the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock valued at $18,985,000 after purchasing an additional 77,223 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock valued at $210,000 after buying an additional 487 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after buying an additional 617,558 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Whiting Petroleum Corporation in the second quarter valued at approximately $1,268,000. Finally, Stephens Inc. AR lifted its position in shares of Whiting Petroleum Corporation by 684.7% in the second quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock valued at $3,612,000 after buying an additional 571,993 shares during the last quarter. 82.86% 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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