Whiting Petroleum Corp. (NYSE:WLL) – Equities researchers at SunTrust Banks upped their FY2016 earnings per share (EPS) estimates for shares of Whiting Petroleum Corp. in a research report issued on Monday. SunTrust Banks analyst N. Dingmann now anticipates that the firm will earn ($1.78) per share for the year, up from their prior forecast of ($1.87). SunTrust Banks currently has a “Buy” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Whiting Petroleum Corp.’s FY2017 earnings at ($0.46) EPS.

WLL has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed a “hold” rating and set a $11.00 price target on shares of Whiting Petroleum Corp. in a report on Tuesday, July 26th. Vetr downgraded Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price for the company. in a report on Monday, October 3rd. Wunderlich boosted their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the company a “hold” rating in a report on Friday, July 29th. Citigroup Inc. reduced their target price on Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating for the company in a report on Monday, July 18th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.16.

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

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 9.01 on Wednesday. The firm’s market capitalization is $2.48 billion. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $9.34. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $20.66.

Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The business earned $339.58 million during the quarter, compared to analyst estimates of $374.83 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was down 42.4% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of WLL. Utah Retirement Systems raised its position in shares of Whiting Petroleum Corp. by 0.3% in the second quarter. Utah Retirement Systems now owns 36,683 shares of the oil and gas exploration company’s stock worth $340,000 after buying an additional 100 shares in the last quarter. Putnam FL Investment Management Co. raised its position in shares of Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 200 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Whiting Petroleum Corp. by 0.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 71,286 shares of the oil and gas exploration company’s stock valued at $660,000 after buying an additional 579 shares during the period. Comerica Bank raised its position in shares of Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 709 shares during the period. Finally, Investment Centers of America Inc. raised its position in shares of Whiting Petroleum Corp. by 2.6% in the second quarter. Investment Centers of America Inc. now owns 28,472 shares of the oil and gas exploration company’s stock valued at $262,000 after buying an additional 720 shares during the period. 77.29% of the stock is currently owned by institutional investors.

Whiting Petroleum Corp. 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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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