Brokerages expect Whiting Petroleum Corp (NYSE:WLL) to report $396.17 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Whiting Petroleum’s earnings, with estimates ranging from $345.60 million to $479.38 million. Whiting Petroleum posted sales of $342.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Whiting Petroleum will report full-year sales of $396.17 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.48 billion. For the next year, analysts expect that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.12 billion to $2.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.88) EPS.

A number of research analysts recently issued reports on the company. Morgan Stanley set a $16.00 price objective on Whiting Petroleum and gave the company a “sell” rating in a research report on Thursday, October 26th. SunTrust Banks set a $36.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, October 12th. Tudor Pickering lowered Whiting Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Finally, Cowen restated a “buy” rating and set a $32.00 price objective on shares of Whiting Petroleum in a research report on Friday, November 10th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Whiting Petroleum presently has a consensus rating of “Hold” and a consensus target price of $36.27.

Whiting Petroleum (NYSE WLL) opened at $25.03 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $53.48.

A number of institutional investors have recently made changes to their positions in WLL. Chicago Equity Partners LLC bought a new stake in Whiting Petroleum during the 2nd quarter valued at $102,000. Palisade Capital Management LLC NJ bought a new stake in Whiting Petroleum during the 2nd quarter valued at $121,000. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum during the 3rd quarter valued at $133,000. First Allied Advisory Services Inc. raised its stake in Whiting Petroleum by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after acquiring an additional 475 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in Whiting Petroleum by 92.9% during the 2nd quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock valued at $147,000 after acquiring an additional 12,815 shares in the last quarter.

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Whiting Petroleum 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 (NYSE:WLL)

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