Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Capital One Financial decreased their FY2019 earnings per share estimates for shares of Whiting Petroleum in a research report issued on Thursday, November 7th. Capital One Financial analyst B. Velie now forecasts that the oil and gas exploration company will post earnings per share of ($1.08) for the year, down from their previous forecast of ($0.43). Capital One Financial also issued estimates for Whiting Petroleum’s Q4 2019 earnings at ($0.26) EPS and FY2020 earnings at ($0.59) EPS.
Other equities analysts have also issued reports about the company. LADENBURG THALM/SH SH lowered Whiting Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $20.00 in a research note on Thursday, August 1st. Wells Fargo & Co lowered Whiting Petroleum from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $12.00 to $11.00 in a research note on Friday, August 16th. Zacks Investment Research lowered Whiting Petroleum from a “hold” rating to a “strong sell” rating and set a $7.00 price objective on the stock. in a research note on Friday, August 16th. Seaport Global Securities lowered Whiting Petroleum from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Finally, Citigroup lowered Whiting Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $10.50 in a research note on Monday, September 23rd. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the stock. Whiting Petroleum presently has a consensus rating of “Hold” and a consensus target price of $15.75.
NYSE WLL opened at $6.73 on Monday. The firm has a market capitalization of $658.27 million, a P/E ratio of 3.09 and a beta of 3.18. Whiting Petroleum has a 1-year low of $6.00 and a 1-year high of $34.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50-day simple moving average is $7.28 and its 200-day simple moving average is $13.54.
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 (EPS) for the quarter, missing analysts’ consensus estimates 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 1.90% and a net margin of 6.62%. The firm’s quarterly revenue was down 34.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share.
Large investors have recently made changes to their positions in the stock. Investors Research Corp raised its holdings in shares of Whiting Petroleum by 113.3% during the 2nd quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 850 shares during the period. Personal Wealth Partners purchased a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $44,000. Advisory Services Network LLC purchased a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $87,000. Enlightenment Research LLC purchased a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $252,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in shares of Whiting Petroleum during the 2nd quarter valued at about $235,000.
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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