Whiting Petroleum Corp (NYSE:WLL) – KeyCorp upped their Q4 2017 earnings estimates for Whiting Petroleum in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas exploration company will post earnings of ($0.10) per share for the quarter, up from their prior estimate of ($0.72). KeyCorp currently has a “Buy” rating and a $28.00 target price on the stock. KeyCorp also issued estimates for Whiting Petroleum’s Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.22) EPS.

Several other research firms also recently weighed in on WLL. Cowen reissued a “buy” rating and issued a $32.00 price objective on shares of Whiting Petroleum in a report on Sunday, September 17th. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, October 12th. Barclays increased their price objective on Whiting Petroleum from $5.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Morgan Stanley set a $16.00 price objective on Whiting Petroleum and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets set a $24.00 price objective on Whiting Petroleum and gave the company a “hold” rating in a report on Tuesday, October 10th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Whiting Petroleum presently has a consensus rating of “Hold” and an average target price of $33.83.

Shares of Whiting Petroleum (NYSE WLL) opened at $22.39 on Friday. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $53.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. The firm had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.88) earnings per share.

Several hedge funds have recently made changes to their positions in WLL. Russell Investments Group Ltd. increased its position in shares of Whiting Petroleum by 101.5% in the second quarter. Russell Investments Group Ltd. now owns 990,081 shares of the oil and gas exploration company’s stock valued at $5,459,000 after buying an additional 498,651 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Whiting Petroleum by 10.0% during the second quarter. Public Employees Retirement Association of Colorado now owns 54,322 shares of the oil and gas exploration company’s stock valued at $299,000 after acquiring an additional 4,930 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Whiting Petroleum by 47.8% during the second quarter. Janney Montgomery Scott LLC now owns 37,675 shares of the oil and gas exploration company’s stock valued at $208,000 after acquiring an additional 12,177 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Whiting Petroleum by 90.4% during the second quarter. Foundry Partners LLC now owns 37,700 shares of the oil and gas exploration company’s stock valued at $208,000 after acquiring an additional 17,900 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Whiting Petroleum by 36.5% during the second quarter. Teacher Retirement System of Texas now owns 30,278 shares of the oil and gas exploration company’s stock valued at $167,000 after acquiring an additional 8,099 shares during 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.

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

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