Whiting Petroleum Corp (NYSE:WLL) – Equities researchers at SunTrust Banks upped their FY2018 earnings estimates for Whiting Petroleum in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings of ($1.40) per share for the year, up from their previous forecast of ($1.80). SunTrust Banks currently has a “Buy” rating and a $36.00 target price on the stock. SunTrust Banks also issued estimates for Whiting Petroleum’s FY2019 earnings at ($1.01) EPS and FY2020 earnings at ($0.35) EPS.

WLL has been the subject of several other reports. Morgan Stanley set a $16.00 price objective on shares of Whiting Petroleum and gave the stock a “sell” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays set a $20.00 price objective on shares of Whiting Petroleum and gave the stock a “hold” rating in a report on Wednesday, October 11th. Finally, Imperial Capital decreased their price objective on shares of Whiting Petroleum from $30.00 to $6.00 and set an “in-line” rating for the company in a report on Monday, November 13th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.62.

Shares of Whiting Petroleum (WLL) traded up $0.12 during midday trading on Friday, reaching $28.11. 4,187,700 shares of the company’s stock traded hands, compared to its average volume of 4,541,367. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a 1-year low of $15.88 and a 1-year high of $53.48. The company has a market cap of $2,510.00, a price-to-earnings ratio of -3.92 and a beta of 3.39.

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

A number of hedge funds have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC grew its position in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares during the last quarter. Fine Capital Partners L.P. grew its position in Whiting Petroleum by 53.7% during 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 purchasing an additional 7,450,722 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Whiting Petroleum by 21.0% during 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 purchasing an additional 4,483,396 shares during the last quarter. Numeric Investors LLC grew its position in Whiting Petroleum by 163.0% during 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 purchasing an additional 2,997,300 shares during the last quarter. Finally, Schneider Capital Management Corp grew its position in Whiting Petroleum by 63.7% during the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares during the last quarter.

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About Whiting Petroleum

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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