Equities Analysts Offer Predictions for Whiting Petroleum Corp’s FY2017 Earnings (WLL)
Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Seaport Global Securities increased their FY2017 EPS estimates for shares of Whiting Petroleum in a report released on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings of ($2.29) per share for the year, up from their prior estimate of ($2.33). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q4 2017 earnings at ($0.41) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.23) EPS, Q4 2018 earnings at ($0.33) EPS and FY2018 earnings at ($0.99) EPS.
Several other analysts also recently weighed in on the company. Mizuho set a $32.00 target price on Whiting Petroleum and gave the company a “hold” rating in a research note on Tuesday. Capital One Financial upgraded Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 price target on shares of Whiting Petroleum in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $40.00 price target on shares of Whiting Petroleum in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.53.
Whiting Petroleum (NYSE:WLL) last announced its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.80) by $0.24. The company 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 company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned ($1.88) earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of WLL. Cubist Systematic Strategies LLC bought a new position in Whiting Petroleum in the third quarter worth about $133,000. First Allied Advisory Services Inc. lifted its holdings in Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after acquiring an additional 475 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in Whiting Petroleum by 92.9% in the second quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock worth $147,000 after acquiring an additional 12,815 shares during the last quarter. Advisor Group Inc. lifted its holdings in Whiting Petroleum by 167.2% in the third quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock worth $154,000 after acquiring an additional 17,604 shares during the last quarter. Finally, Frontier Wealth Management LLC lifted its holdings in Whiting Petroleum by 11.9% in the second quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock worth $155,000 after acquiring an additional 3,000 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.
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