Equities analysts predict that Whiting Petroleum Corporation (NYSE:WLL) will report earnings of ($0.18) per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Whiting Petroleum Corporation’s earnings, with estimates ranging from ($0.27) to ($0.12). Whiting Petroleum Corporation reported earnings per share of ($0.70) during the same quarter last year, which would suggest a positive year-over-year growth rate of 74.3%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Whiting Petroleum Corporation will report full year earnings of ($0.69) per share for the current fiscal year, with EPS estimates ranging from ($0.92) to ($0.47). For the next fiscal year, analysts forecast that the business will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.27) to $0.11. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Whiting Petroleum Corporation.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.07. The company had revenue of $371.30 million for the quarter, compared to the consensus estimate of $359.28 million. Whiting Petroleum Corporation had a negative net margin of 106.04% and a negative return on equity of 8.76%. Whiting Petroleum Corporation’s revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.85) earnings per share.

A number of brokerages recently commented on WLL. Citigroup Inc. lowered their price objective on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday. Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Bank of America Corporation began coverage on shares of Whiting Petroleum Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price objective on the stock. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.38.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after buying an additional 6,211,479 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Whiting Petroleum Corporation by 10.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock worth $171,012,000 after buying an additional 1,676,942 shares during the last quarter. Snow Capital Management LP boosted its stake in shares of Whiting Petroleum Corporation by 25.4% in the first quarter. Snow Capital Management LP now owns 3,556,529 shares of the oil and gas exploration company’s stock worth $33,645,000 after buying an additional 720,777 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Whiting Petroleum Corporation during the first quarter worth $29,442,000. Institutional investors and hedge funds own 82.54% of the company’s stock.

Whiting Petroleum Corporation (NYSE WLL) opened at 4.97 on Tuesday. Whiting Petroleum Corporation has a 1-year low of $4.81 and a 1-year high of $13.39. The stock’s market cap is $1.80 billion. The firm’s 50-day moving average is $5.56 and its 200-day moving average is $8.67.

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About Whiting Petroleum Corporation

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

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