Wall Street brokerages expect Whiting Petroleum Corp (NYSE:WLL) to post $416.47 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Whiting Petroleum’s earnings, with the lowest sales estimate coming in at $395.10 million and the highest estimate coming in at $462.39 million. Whiting Petroleum reported sales of $566.70 million during the same quarter last year, which indicates a negative year over year growth rate of 26.5%. The firm is expected to report its next earnings results after the market closes on Tuesday, November 5th.

According to Zacks, analysts expect that Whiting Petroleum will report full year sales of $1.68 billion for the current fiscal year, with estimates ranging from $1.60 billion to $1.93 billion. For the next year, analysts expect that the company will post sales of $1.73 billion, with estimates ranging from $1.55 billion to $2.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.52). Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. The firm had revenue of $426.26 million during the quarter, compared to analyst estimates of $452.02 million. During the same period last year, the business earned $0.62 EPS. The firm’s revenue was down 19.0% on a year-over-year basis.

Several research firms have commented on WLL. Morgan Stanley lowered their target price on shares of Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Bank of America cut shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $11.00 in a research note on Tuesday, September 10th. Raymond James cut shares of Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $25.00 to $10.00 in a research note on Thursday. SunTrust Banks lowered their target price on shares of Whiting Petroleum to $13.00 and set a “sell” rating on the stock in a research note on Thursday, September 5th. Finally, CIBC reissued a “market perform” rating on shares of Whiting Petroleum in a research note on Thursday, August 1st. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.07.

Whiting Petroleum stock traded up $0.15 during trading hours on Friday, hitting $6.70. 299,208 shares of the company traded hands, compared to its average volume of 8,669,222. The firm has a market cap of $615.35 million, a P/E ratio of 3.06 and a beta of 3.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $7.72 and its two-hundred day simple moving average is $16.14. Whiting Petroleum has a 1-year low of $6.00 and a 1-year high of $42.22.

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Whiting Petroleum by 183.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock worth $45,229,000 after purchasing an additional 1,596,609 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Whiting Petroleum by 158.9% in the 2nd quarter. Macquarie Group Ltd. now owns 2,078,824 shares of the oil and gas exploration company’s stock worth $38,833,000 after purchasing an additional 1,275,916 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Whiting Petroleum by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 1,222,207 shares of the oil and gas exploration company’s stock worth $22,831,000 after purchasing an additional 4,266 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Whiting Petroleum by 13,495.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock worth $20,054,000 after purchasing an additional 1,065,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Whiting Petroleum by 20.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 927,289 shares of the oil and gas exploration company’s stock worth $17,322,000 after purchasing an additional 158,045 shares during the last quarter.

About Whiting Petroleum

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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