FY2017 EPS Estimates for Whiting Petroleum Corp Raised by Analyst (WLL)

Whiting Petroleum Corp (NYSE:WLL) – Equities research analysts at Seaport Global Securities increased their FY2017 EPS estimates for Whiting Petroleum in a research note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings per share of ($2.33) for the year, up from their previous forecast of ($2.92). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q4 2017 earnings at ($0.46) EPS, Q1 2018 earnings at ($0.26) EPS, Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.25) EPS, Q4 2018 earnings at ($0.36) EPS and FY2018 earnings at ($1.07) EPS.

A number of other equities analysts have also recently issued reports on WLL. BMO Capital Markets restated a “hold” rating and issued a $33.00 target price on shares of Whiting Petroleum in a report on Thursday. Imperial Capital began coverage on Whiting Petroleum in a report on Thursday, September 28th. They issued an “in-line” rating and a $24.00 target price on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 target price on shares of Whiting Petroleum in a report on Tuesday. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of Whiting Petroleum in a research report on Tuesday, September 19th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.31.

Shares of Whiting Petroleum (NYSE WLL) traded up $0.06 during midday trading on Friday, hitting $29.78. The company had a trading volume of 4,200,769 shares, compared to its average volume of 4,044,436. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2,695.56, a PE ratio of -4.14 and a beta of 3.40. Whiting Petroleum has a twelve month low of $15.88 and a twelve month high of $52.32.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.88) EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLL. Public Employees Retirement Association of Colorado boosted its position in 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 purchasing an additional 4,930 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in 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 purchasing an additional 12,177 shares during the last quarter. Teacher Retirement System of Texas boosted its position in 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 purchasing an additional 8,099 shares during the last quarter. Rhumbline Advisers boosted its position in Whiting Petroleum by 41.3% during the second quarter. Rhumbline Advisers now owns 325,089 shares of the oil and gas exploration company’s stock valued at $1,791,000 after purchasing an additional 94,947 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Whiting Petroleum by 80.1% during the second quarter. State of Wisconsin Investment Board now owns 71,738 shares of the oil and gas exploration company’s stock valued at $395,000 after purchasing an additional 31,910 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.

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

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