Whiting Petroleum Corporation (NYSE:WLL) – Research analysts at KeyCorp increased their FY2018 earnings per share (EPS) estimates for Whiting Petroleum Corporation in a note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings of ($0.54) per share for the year, up from their previous forecast of ($0.55). KeyCorp currently has a “Buy” rating and a $7.00 target price on the stock.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.47) earnings per share.

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WLL has been the subject of a number of other research reports. ValuEngine lowered Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Jefferies Group LLC began coverage on Whiting Petroleum Corporation in a research note on Monday, October 9th. They set a “hold” rating and a $6.00 price objective for the company. Zacks Investment Research lowered Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. SunTrust Banks, Inc. set a $9.00 price objective on Whiting Petroleum Corporation and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus set a $10.00 price objective on Whiting Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.24.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 5.82 on Monday. The stock’s market cap is $2.11 billion. The firm has a 50-day moving average price of $5.14 and a 200-day moving average price of $5.98. Whiting Petroleum Corporation has a 12 month low of $3.97 and a 12 month high of $13.39.

Several institutional investors have recently bought and sold shares of WLL. Fine Capital Partners L.P. increased its position in shares of Whiting Petroleum Corporation by 53.7% during 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 acquiring an additional 7,450,722 shares during the period. Vanguard Group Inc. increased its position in shares of Whiting Petroleum Corporation by 28.6% during the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after acquiring an additional 6,211,479 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Whiting Petroleum Corporation by 21.0% during 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 acquiring an additional 4,483,396 shares during the period. Numeric Investors LLC increased its position in shares of Whiting Petroleum Corporation by 163.0% during the second quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock worth $26,644,000 after acquiring an additional 2,997,300 shares during the period. Finally, Schneider Capital Management Corp increased its position in shares of Whiting Petroleum Corporation by 63.7% during 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 acquiring an additional 2,230,237 shares during the period. 83.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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