Whiting Petroleum Corporation (NYSE:WLL) – Analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Whiting Petroleum Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Lear expects that the oil and gas exploration company will post earnings per share of ($0.20) for the quarter. Jefferies Group currently has a “Hold” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.14) EPS, FY2017 earnings at ($0.68) EPS, Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.59) EPS, Q1 2019 earnings at ($0.08) EPS, Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.11) EPS and FY2019 earnings at ($0.41) EPS.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of 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. Citigroup Inc. dropped their target price on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Cowen and Company set a $8.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. KeyCorp reissued a “buy” rating and set a $7.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Finally, Zacks Investment Research raised shares of Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Thursday. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued 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 price target of $9.40.

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Whiting Petroleum Corporation (NYSE WLL) opened at 5.25 on Wednesday. The firm’s 50-day moving average is $4.93 and its 200 day moving average is $6.30. The stock’s market cap is $1.90 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 announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. Whiting Petroleum Corporation’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.70) earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Nationwide Fund Advisors lifted its stake 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 worth $421,000 after purchasing an additional 5,717 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Whiting Petroleum Corporation by 11.7% during the first quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock worth $190,000 after purchasing an additional 2,088 shares during the last quarter. Prudential Financial Inc. lifted its stake in Whiting Petroleum Corporation by 155.5% during the first quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock worth $878,000 after purchasing an additional 56,500 shares during the last quarter. Clinton Group Inc. bought a new position in Whiting Petroleum Corporation during the first quarter worth $241,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Whiting Petroleum Corporation during the first quarter worth $1,767,000. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Whiting Petroleum Corporation 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.

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

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