Whiting Petroleum Corp. (NYSE:WLL) – Analysts at KeyCorp reduced their FY2016 earnings per share estimates for shares of Whiting Petroleum Corp. in a report released on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the firm will earn ($2.22) per share for the year, down from their previous estimate of ($2.20). KeyCorp currently has a “Overweight” rating and a $15.00 price target on the stock. KeyCorp also issued estimates for Whiting Petroleum Corp.’s Q4 2016 earnings at ($0.31) EPS, Q2 2017 earnings at ($0.33) EPS, Q3 2017 earnings at ($0.29) EPS, Q4 2017 earnings at ($0.25) EPS, FY2017 earnings at ($1.21) EPS, Q1 2018 earnings at ($0.14) EPS, Q2 2018 earnings at ($0.10) EPS and Q3 2018 earnings at ($0.07) EPS.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their target price on shares of Whiting Petroleum Corp. from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday. RBC Capital Markets reissued a “hold” rating and issued a $12.00 target price (up previously from $10.00) on shares of Whiting Petroleum Corp. in a research note on Friday. Morgan Stanley cut their target price 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. Canaccord Genuity reissued a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.07.

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

Shares of Whiting Petroleum Corp. (NYSE:WLL) traded down 3.00% during mid-day trading on Friday, reaching $10.02. 6,328,772 shares of the company were exchanged. The stock’s market capitalization is $2.81 billion. The stock has a 50 day moving average price of $8.81 and a 200-day moving average price of $9.09. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $17.04.

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

A number of large investors have recently modified their holdings of WLL. Clinton Group Inc. bought a new stake in shares of Whiting Petroleum Corp. during the third quarter valued at $102,000. Moors & Cabot Inc. raised its stake in shares of Whiting Petroleum Corp. by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 323 shares in the last quarter. Investors Capital Advisory Services bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at $113,000. World Asset Management Inc bought a new stake in shares of Whiting Petroleum Corp. during the third quarter valued at $110,000. Finally, Profund Advisors LLC bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at $128,000. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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