Whiting Petroleum Corp. (WLL) Expected to Post FY2018 Earnings of ($0.33) Per Share
Whiting Petroleum Corp. (NYSE:WLL) – Equities research analysts at KeyCorp issued their FY2018 earnings estimates for shares of Whiting Petroleum Corp. in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum forecasts that the brokerage will earn ($0.33) per share for the year. KeyCorp has a “Overweight” rating and a $15.00 price objective on the stock.
A number of other equities analysts have also recently issued reports on WLL. Canaccord Genuity reiterated a “buy” rating and set a $12.00 target price on shares of Whiting Petroleum Corp. in a report on Thursday, October 27th. Royal Bank Of Canada increased their target price on Whiting Petroleum Corp. from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday. Vetr cut Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.55 target price for the company. in a report on Thursday, October 27th. Barclays PLC lowered their target price on Whiting Petroleum Corp. from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Finally, Zacks Investment Research cut Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.07.
Whiting Petroleum Corp. (NYSE:WLL) traded down 2.61% during trading on Wednesday, hitting $10.06. The company had a trading volume of 8,504,421 shares. The stock’s market capitalization is $2.82 billion. The stock has a 50-day moving average of $8.81 and a 200-day moving average of $9.09. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $17.04.
Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the 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 business had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. During the same period in the prior year, the firm posted ($0.17) EPS. Whiting Petroleum Corp.’s revenue for the quarter was down 74.6% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of WLL. Vanguard Group Inc. boosted its stake in Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock worth $161,853,000 after buying an additional 2,961,485 shares during the last quarter. Third Point LLC bought a new stake in Whiting Petroleum Corp. during the second quarter worth $75,932,000. Mackenzie Financial Corp boosted its stake in Whiting Petroleum Corp. by 9.7% in the second quarter. Mackenzie Financial Corp now owns 4,828,528 shares of the oil and gas exploration company’s stock worth $44,712,000 after buying an additional 427,683 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Whiting Petroleum Corp. by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,744,644 shares of the oil and gas exploration company’s stock worth $43,941,000 after buying an additional 1,103,057 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock worth $37,058,000 after buying an additional 1,772,115 shares during the period. 74.21% of the stock is currently owned by hedge funds and other 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.
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