Whiting Petroleum Corp. (NYSE:WLL) – Analysts at Capital One Financial Corp. reduced their FY2016 EPS estimates for shares of Whiting Petroleum Corp. in a research report issued to clients and investors on Tuesday. Capital One Financial Corp. analyst B. Velie now forecasts that the brokerage will post earnings of ($2.27) per share for the year, down from their previous forecast of ($2.26). Capital One Financial Corp. also issued estimates for Whiting Petroleum Corp.’s FY2017 earnings at ($0.98) EPS.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.07. The business earned $129.23 million during the quarter, compared to the consensus estimate of $350.95 million. Whiting Petroleum Corp. had a negative net margin of 106.77% and a negative return on equity of 11.83%. Whiting Petroleum Corp.’s quarterly revenue was down 74.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS.

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

WLL has been the subject of several other reports. FBR & Co started coverage on Whiting Petroleum Corp. in a research note on Tuesday, September 13th. They issued a “market perform” rating and a $8.00 target price for the company. Mizuho started coverage on Whiting Petroleum Corp. in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 target price for the company. Raymond James Financial Inc. upgraded Whiting Petroleum Corp. from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $16.00 to $14.00 in a research note on Friday, October 28th. Canaccord Genuity set a $14.00 target price on Whiting Petroleum Corp. and gave the company a “buy” rating in a research note on Tuesday. Finally, SunTrust Banks Inc. set a $20.00 price target on Whiting Petroleum Corp. and gave the company a “buy” rating in a research note on Monday, October 10th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.07.

Shares of Whiting Petroleum Corp. (NYSE:WLL) traded down 3.00% during trading on Friday, hitting $10.02. The stock had a trading volume of 6,328,772 shares. The company’s market capitalization is $2.81 billion. Whiting Petroleum Corp. has a 52 week low of $3.35 and a 52 week high of $17.04. The company’s 50 day moving average price is $8.81 and its 200 day moving average price is $9.09.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Whiting Petroleum Corp. by 116.1% in the first quarter. Renaissance Technologies LLC now owns 1,893,076 shares of the oil and gas exploration company’s stock valued at $15,107,000 after buying an additional 1,017,014 shares during the period. Carl Domino Inc raised its position in shares of Whiting Petroleum Corp. by 60.0% in the second quarter. Carl Domino Inc now owns 16,000 shares of the oil and gas exploration company’s stock valued at $148,000 after buying an additional 6,000 shares during the period. Cedar Hill Associates LLC raised its position in shares of Whiting Petroleum Corp. by 0.9% in the second quarter. Cedar Hill Associates LLC now owns 104,800 shares of the oil and gas exploration company’s stock valued at $970,000 after buying an additional 975 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Whiting Petroleum Corp. during the second quarter valued at about $144,000. Finally, Sigma Planning Corp raised its position in shares of Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock valued at $130,000 after buying an additional 3,471 shares during the period. Institutional investors own 74.21% of the company’s stock.

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About Whiting Petroleum Corp.

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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