Wall Street analysts forecast that Whiting Petroleum Corp (NYSE:WLL) will report $417.16 million in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Whiting Petroleum’s earnings, with the highest sales estimate coming in at $467.10 million and the lowest estimate coming in at $392.10 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 21.7%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Whiting Petroleum will report full-year sales of $417.16 million for the current year, with estimates ranging from $1.40 billion to $1.47 billion. For the next financial year, analysts expect that the firm will report sales of $1.82 billion per share, with estimates ranging from $1.53 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Whiting Petroleum.
WLL has been the topic of several recent research reports. Stifel Nicolaus set a $40.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks set a $36.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research report on Friday, October 20th. KeyCorp set a $28.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research report on Thursday, October 19th. Cowen reiterated a “buy” rating and set a $32.00 price objective on shares of Whiting Petroleum in a research report on Friday, November 10th. Finally, Barclays increased their price objective on Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Whiting Petroleum presently has an average rating of “Hold” and an average target price of $34.28.
A number of large investors have recently added to or reduced their stakes in WLL. Hotchkis & Wiley Capital Management LLC boosted its stake in Whiting Petroleum by 44.8% in the third 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 buying an additional 8,737,870 shares in the last quarter. Fine Capital Partners L.P. boosted its stake in Whiting Petroleum by 23.7% in the third quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after buying an additional 5,057,592 shares in the last quarter. DW Partners LP acquired a new stake in Whiting Petroleum in the third quarter valued at about $10,390,000. Davidson Kempner Capital Management LP acquired a new stake in Whiting Petroleum in the second quarter valued at about $8,265,000. Finally, Precocity Capital LP acquired a new stake in Whiting Petroleum in the third quarter valued at about $5,460,000.
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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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