Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at SunTrust Banks reduced their Q4 2020 EPS estimates for Whiting Petroleum in a research report issued on Wednesday, November 6th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.13. SunTrust Banks currently has a “Sell” rating and a $13.00 price target on the stock. SunTrust Banks also issued estimates for Whiting Petroleum’s Q1 2021 earnings at $0.07 EPS and Q2 2021 earnings at $0.05 EPS.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.30). The business had revenue of $372.89 million during the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.89% and a net margin of 6.62%. Whiting Petroleum’s revenue was down 34.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS.
Several other equities research analysts also recently weighed in on the company. Morgan Stanley lowered their price target on Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating for the company in a report on Friday, October 4th. CIBC reissued a “market perform” rating on shares of Whiting Petroleum in a report on Thursday, August 1st. Barclays started coverage on Whiting Petroleum in a report on Friday, August 30th. They issued an “equal weight” rating and a $8.00 price target for the company. Seaport Global Securities downgraded Whiting Petroleum from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, Oppenheimer downgraded Whiting Petroleum from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.75.
NYSE WLL traded down $0.06 during trading on Friday, hitting $7.21. The company’s stock had a trading volume of 7,310,535 shares, compared to its average volume of 6,660,069. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $682.91 million, a PE ratio of 3.31 and a beta of 3.18. The business’s 50 day simple moving average is $7.46 and its 200-day simple moving average is $13.96. Whiting Petroleum has a fifty-two week low of $6.00 and a fifty-two week high of $37.15.
Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Whiting Petroleum by 183.1% in the second quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock worth $45,229,000 after purchasing an additional 1,596,609 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Whiting Petroleum by 158.9% in the second quarter. Macquarie Group Ltd. now owns 2,078,824 shares of the oil and gas exploration company’s stock worth $38,833,000 after purchasing an additional 1,275,916 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Whiting Petroleum by 0.4% in the second quarter. Earnest Partners LLC now owns 1,222,207 shares of the oil and gas exploration company’s stock worth $22,831,000 after purchasing an additional 4,266 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Whiting Petroleum by 13,495.9% in the second quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock worth $20,054,000 after purchasing an additional 1,065,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Whiting Petroleum by 20.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 927,289 shares of the oil and gas exploration company’s stock valued at $17,322,000 after acquiring an additional 158,045 shares in the last quarter.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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