Whiting Petroleum Corp. (NYSE:WLL) – Oppenheimer Holdings issued their FY2017 EPS estimates for shares of Whiting Petroleum Corp. in a research note issued to investors on Monday. Oppenheimer Holdings analyst R. Du. Boff expects that the firm will post earnings per share of ($0.96) for the year.

A number of other analysts have also weighed in on the stock. Goldman Sachs Group Inc. lowered shares of Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.75 to $12.75 in a report on Wednesday, July 6th. Wunderlich decreased their price target on shares of Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, June 28th. Barclays PLC cut their price objective on shares of Whiting Petroleum Corp. from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Whiting Petroleum Corp. in a research note on Wednesday, July 6th. Finally, Morgan Stanley cut their price objective on shares of Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Whiting Petroleum Corp. presently has an average rating of “Hold” and a consensus price target of $13.16.

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

Whiting Petroleum Corp. (NYSE:WLL) traded up 2.03% during mid-day trading on Tuesday, hitting $8.53. 3,184,699 shares of the company were exchanged. Whiting Petroleum Corp. has a 12-month low of $3.35 and a 12-month high of $19.73. The company’s market capitalization is $2.35 billion. The company’s 50-day moving average is $8.02 and its 200 day moving average is $9.38.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the Zacks’ 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 firm earned $339.58 million during the quarter, compared to the consensus estimate of $374.83 million. During the same quarter in the prior year, the company earned $0.04 EPS. Whiting Petroleum Corp.’s quarterly revenue was down 42.4% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in WLL. Putnam FL Investment Management Co. raised its position in shares of Whiting Petroleum Corp. by 0.8% in the third quarter. Putnam FL Investment Management Co. now owns 18,930 shares of the oil and gas exploration company’s stock worth $165,000 after buying an additional 150 shares during the last quarter. Viking Fund Management LLC bought a new stake in shares of Whiting Petroleum Corp. during the third quarter worth about $3,234,000. First Mercantile Trust Co. bought a new stake in shares of Whiting Petroleum Corp. during the third quarter worth about $250,000. Foundry Partners LLC bought a new stake in shares of Whiting Petroleum Corp. during the third quarter worth about $193,000. Finally, North Star Asset Management Inc. increased its stake in shares of Whiting Petroleum Corp. by 26.1% in the third quarter. North Star Asset Management Inc. now owns 219,919 shares of the oil and gas exploration company’s stock worth $1,922,000 after buying an additional 45,450 shares during the period. Hedge funds and other institutional investors own 77.33% of the company’s stock.

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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