Whiting Petroleum Corporation to Post Q3 2017 Earnings of ($0.24) Per Share, Imperial Capital Forecasts (WLL)
Whiting Petroleum Corporation (NYSE:WLL) – Equities researchers at Imperial Capital issued their Q3 2017 EPS estimates for shares of Whiting Petroleum Corporation in a note issued to investors on Thursday. Imperial Capital analyst J. Wangler forecasts that the oil and gas exploration company will post earnings of ($0.24) per share for the quarter. Imperial Capital currently has a “In-Line” rating and a $6.00 price target on the stock. Imperial Capital also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($0.81) EPS and FY2018 earnings at ($0.56) EPS.
Other analysts have also recently issued reports about the stock. BMO Capital Markets restated a “hold” rating on shares of Whiting Petroleum Corporation in a research report on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and issued a $7.00 price target on shares of Whiting Petroleum Corporation in a report on Tuesday, September 19th. Cowen and Company reiterated a “buy” rating and issued a $8.00 price target on shares of Whiting Petroleum Corporation in a research report on Sunday, September 17th. Stifel Nicolaus dropped their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Thursday, July 27th. Finally, Macquarie cut Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $5.30 to $5.70 in a research note on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Whiting Petroleum Corporation presently has a consensus rating of “Hold” and a consensus target price of $10.40.
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Whiting Petroleum Corporation (NYSE:WLL) opened at 5.39 on Monday. The stock’s 50 day moving average price is $4.72 and its 200-day moving average price is $6.45. The company’s market capitalization is $1.96 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39.
Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The company had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. During the same quarter last year, the company earned ($0.70) EPS. The firm’s revenue was down 7.6% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of WLL. Nationwide Fund Advisors lifted its position in Whiting Petroleum Corporation by 14.7% during the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares during the last quarter. Swiss National Bank boosted its stake in Whiting Petroleum Corporation by 3.5% in the first quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock valued at $4,432,000 after acquiring an additional 15,800 shares in the last quarter. World Asset Management Inc grew its holdings in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after purchasing an additional 570 shares during the last quarter. Karp Capital Management Corp purchased a new position in Whiting Petroleum Corporation in the first quarter worth $1,090,000. Finally, Virginia Retirement Systems ET AL purchased a new position in Whiting Petroleum Corporation in the first quarter worth $482,000. 84.40% of the stock is currently owned by hedge funds and other institutional investors.
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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