Equities research analysts forecast that Whiting Petroleum Corp (NYSE:WLL) will post $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Whiting Petroleum’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.90. Whiting Petroleum posted earnings of ($0.56) per share in the same quarter last year, which indicates a positive year over year growth rate of 207.1%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, October 30th.
On average, analysts expect that Whiting Petroleum will report full-year earnings of $2.93 per share for the current financial year, with EPS estimates ranging from $2.32 to $3.39. For the next year, analysts anticipate that the company will report earnings of $4.45 per share, with EPS estimates ranging from $2.86 to $5.99. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. The company had revenue of $526.40 million for the quarter, compared to analyst estimates of $505.32 million. During the same period last year, the firm earned ($0.18) earnings per share. The firm’s revenue was up 69.0% on a year-over-year basis.
A number of research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Whiting Petroleum in a research report on Tuesday, October 2nd. They set a “top pick” rating and a $67.00 price target on the stock. Oppenheimer began coverage on shares of Whiting Petroleum in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $67.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Whiting Petroleum from $71.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. SunTrust Banks lifted their price objective on shares of Whiting Petroleum to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 5th. Finally, R. F. Lafferty raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $56.00 in a research report on Wednesday, September 5th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum has an average rating of “Buy” and a consensus price target of $51.18.
WLL opened at $43.72 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 0.51. Whiting Petroleum has a fifty-two week low of $18.56 and a fifty-two week high of $56.47. The stock has a market cap of $4.82 billion, a P/E ratio of -33.37, a PEG ratio of 2.28 and a beta of 2.94.
In other news, insider Rick A. Mr. Ross sold 2,079 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the sale, the insider now owns 73,536 shares of the company’s stock, valued at $4,045,215.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James E. Catlin sold 8,626 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $50.50, for a total transaction of $435,613.00. Following the completion of the sale, the director now directly owns 57,888 shares in the company, valued at approximately $2,923,344. The disclosure for this sale can be found here. In the last three months, insiders sold 23,181 shares of company stock worth $1,236,658. Insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WLL. FMR LLC raised its position in shares of Whiting Petroleum by 79.9% in the second quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock valued at $696,101,000 after purchasing an additional 5,865,141 shares during the period. Iridian Asset Management LLC CT purchased a new position in Whiting Petroleum during the second quarter valued at approximately $84,482,000. Earnest Partners LLC grew its stake in Whiting Petroleum by 2,700,626.7% during the first quarter. Earnest Partners LLC now owns 1,215,327 shares of the oil and gas exploration company’s stock valued at $41,127,000 after acquiring an additional 1,215,282 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Whiting Petroleum during the second quarter valued at approximately $48,052,000. Finally, Millennium Management LLC grew its stake in Whiting Petroleum by 44.9% during the first quarter. Millennium Management LLC now owns 2,130,901 shares of the oil and gas exploration company’s stock valued at $72,110,000 after acquiring an additional 659,949 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors.
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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