Whiting Petroleum Corp (NYSE:WLL) – Analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for shares of Whiting Petroleum in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Lear now expects that the oil and gas exploration company will earn $0.27 per share for the quarter, down from their prior estimate of $0.30. Jefferies Group currently has a “Hold” rating and a $29.00 price objective on the stock. Jefferies Group also issued estimates for Whiting Petroleum’s Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.11 EPS.

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Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The company had revenue of $474.40 million for the quarter, compared to analyst estimates of $424.55 million. During the same period in the previous year, the company posted ($0.28) earnings per share. The firm’s revenue was up 38.4% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Credit Suisse Group began coverage on Whiting Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $29.00 price target on the stock. Goldman Sachs upgraded Whiting Petroleum from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. ValuEngine lowered Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Cowen set a $35.00 price target on Whiting Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their price target on Whiting Petroleum from $14.40 to $22.00 and gave the company a “sell” rating in a research report on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.88.

Shares of WLL stock opened at $30.66 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.77. Whiting Petroleum has a 1 year low of $15.88 and a 1 year high of $41.48. The firm has a market capitalization of $2,787.83, a P/E ratio of -2.25, a P/E/G ratio of 4.33 and a beta of 3.18.

Large investors have recently made changes to their positions in the company. DFT Energy LP lifted its holdings in shares of Whiting Petroleum by 25.0% during the third quarter. DFT Energy LP now owns 2,000,000 shares of the oil and gas exploration company’s stock valued at $11,060,000 after purchasing an additional 400,000 shares in the last quarter. Aveo Capital Partners LLC bought a new position in shares of Whiting Petroleum during the fourth quarter valued at $306,000. Nisa Investment Advisors LLC bought a new position in shares of Whiting Petroleum during the fourth quarter valued at $1,589,000. South Dakota Investment Council lifted its holdings in shares of Whiting Petroleum by 38.3% during the third quarter. South Dakota Investment Council now owns 611,709 shares of the oil and gas exploration company’s stock valued at $3,340,000 after purchasing an additional 169,515 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Whiting Petroleum by 44.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after purchasing an additional 8,737,870 shares in the last quarter. 97.55% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP David M. Seery sold 1,059 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total transaction of $29,408.43. Following the transaction, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

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About Whiting Petroleum

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 (NYSE:WLL)

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