Whiting Petroleum Corporation (NYSE:WLL) – Seaport Global Securities upped their Q3 2017 earnings estimates for Whiting Petroleum Corporation in a research report issued on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings of ($0.19) per share for the quarter, up from their prior forecast of ($0.21). Seaport Global Securities has a “Sell” rating and a $4.00 price objective on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at ($0.73) EPS and FY2018 earnings at ($1.09) EPS.

WLL has been the subject of several other research reports. Tudor Pickering cut Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine lowered Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC set a $5.00 target price on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Finally, Bank of America Corporation assumed coverage on Whiting Petroleum Corporation in a research report on Wednesday, July 19th. They issued an “underperform” rating and a $6.00 target price for the company. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Whiting Petroleum Corporation presently has a consensus rating of “Hold” and an average target price of $9.40.

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Shares of Whiting Petroleum Corporation (WLL) opened at 5.26 on Wednesday. The company’s market capitalization is $1.91 billion. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39. The firm has a 50-day moving average price of $4.97 and a 200-day moving average price of $6.24.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.70) earnings per share.

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Whiting Petroleum Corporation by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock worth $18,985,000 after buying an additional 77,223 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Whiting Petroleum Corporation by 2.2% in the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Whiting Petroleum Corporation by 218.9% in the 1st quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after buying an additional 617,558 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Whiting Petroleum Corporation in the 2nd quarter worth $1,268,000. Finally, Stephens Inc. AR boosted its stake in shares of Whiting Petroleum Corporation by 684.7% in the 2nd quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock worth $3,612,000 after buying an additional 571,993 shares during the last quarter. Hedge funds and other institutional investors own 82.86% 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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