Whiting Petroleum Corp (WLL) Expected to Announce Earnings of -$0.21 Per Share
Equities research analysts expect Whiting Petroleum Corp (NYSE:WLL) to post earnings per share of ($0.21) for the current quarter, according to Zacks. Eight analysts have issued estimates for Whiting Petroleum Corp’s earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.25). Whiting Petroleum Corp posted earnings of ($0.85) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 75.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 26th.
According to Zacks, analysts expect that Whiting Petroleum Corp will report full year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.24). For the next year, analysts expect that the business will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.84) to $0.13. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Whiting Petroleum Corp.
Whiting Petroleum Corp (NYSE:WLL) last announced its earnings results on Tuesday, February 21st. The oil and gas exploration company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.04. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. The company had revenue of $342.70 million for the quarter, compared to analyst estimates of $353.75 million. During the same period in the prior year, the business earned ($0.43) earnings per share. Whiting Petroleum Corp’s quarterly revenue was down 18.0% on a year-over-year basis.
WLL has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “hold” rating and issued a $15.00 price target on shares of Whiting Petroleum Corp in a research report on Wednesday, January 11th. Credit Suisse Group AG boosted their price target on shares of Whiting Petroleum Corp from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. KLR Group restated a “buy” rating and issued a $18.00 price target (up previously from $17.00) on shares of Whiting Petroleum Corp in a research report on Friday, February 24th. Barclays PLC restated a “hold” rating and issued a $10.00 price target on shares of Whiting Petroleum Corp in a research report on Thursday. Finally, Vetr upgraded shares of Whiting Petroleum Corp from a “buy” rating to a “strong-buy” rating and set a $15.79 price target on the stock in a research report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.53.
Several hedge funds have recently bought and sold shares of WLL. Beach Point Capital Management LP raised its stake in Whiting Petroleum Corp by 33.9% in the third quarter. Beach Point Capital Management LP now owns 2,740,053 shares of the oil and gas exploration company’s stock valued at $23,948,000 after buying an additional 693,808 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Whiting Petroleum Corp by 590.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,838 shares of the oil and gas exploration company’s stock valued at $214,000 after buying an additional 15,253 shares during the last quarter. Schroder Investment Management Group bought a new position in Whiting Petroleum Corp during the third quarter valued at $8,860,000. Sei Investments Co. raised its position in Whiting Petroleum Corp by 61.8% in the third quarter. Sei Investments Co. now owns 281,091 shares of the oil and gas exploration company’s stock valued at $2,457,000 after buying an additional 107,362 shares during the last quarter. Finally, South Dakota Investment Council raised its position in Whiting Petroleum Corp by 85.9% in the third quarter. South Dakota Investment Council now owns 593,900 shares of the oil and gas exploration company’s stock valued at $5,191,000 after buying an additional 274,400 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded down 0.12% during trading on Tuesday, hitting $8.07. 12,214,260 shares of the stock were exchanged. Whiting Petroleum Corp has a 52 week low of $6.38 and a 52 week high of $14.44. The firm has a 50 day moving average price of $9.18 and a 200 day moving average price of $10.26. The firm’s market capitalization is $2.93 billion.
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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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