Analysts Anticipate Whiting Petroleum Co. (NYSE:WLL) Will Post Quarterly Sales of $226.63 Million


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Equities analysts expect Whiting Petroleum Co. (NYSE:WLL) to announce sales of $226.63 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Whiting Petroleum’s earnings. The lowest sales estimate is $216.00 million and the highest is $232.90 million. The company is expected to issue its next quarterly earnings report on Wednesday, May 26th.

On average, analysts expect that Whiting Petroleum will report full-year sales of $877.83 million for the current financial year, with estimates ranging from $818.22 million to $928.10 million. For the next year, analysts expect that the company will post sales of $920.48 million, with estimates ranging from $825.43 million to $1.05 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Tuesday, February 23rd. The oil and gas exploration company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $1.45. The company had revenue of $21.27 million for the quarter, compared to analysts’ expectations of $192.77 million.

A number of research firms recently weighed in on WLL. Piper Sandler increased their price objective on shares of Whiting Petroleum from $19.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, January 7th. Wells Fargo & Company upgraded shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Monday, March 15th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Wednesday, March 17th. KeyCorp increased their target price on shares of Whiting Petroleum from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 21st. Finally, MKM Partners increased their target price on shares of Whiting Petroleum from $31.00 to $39.00 in a report on Tuesday, March 2nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $34.14.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SIR Capital Management L.P. acquired a new stake in Whiting Petroleum during the 3rd quarter worth $32,230,000. Sourcerock Group LLC acquired a new stake in Whiting Petroleum during the 4th quarter worth $27,043,000. Wells Fargo & Company MN raised its stake in Whiting Petroleum by 44.7% during the 4th quarter. Wells Fargo & Company MN now owns 894,209 shares of the oil and gas exploration company’s stock worth $22,353,000 after acquiring an additional 276,219 shares in the last quarter. Valueworks LLC raised its stake in Whiting Petroleum by 13.3% during the 4th quarter. Valueworks LLC now owns 806,836 shares of the oil and gas exploration company’s stock worth $20,170,000 after acquiring an additional 94,425 shares in the last quarter. Finally, Graham Capital Management L.P. raised its stake in Whiting Petroleum by 1.1% during the 4th quarter. Graham Capital Management L.P. now owns 730,280 shares of the oil and gas exploration company’s stock worth $18,257,000 after acquiring an additional 7,627 shares in the last quarter. Institutional investors and hedge funds own 36.38% of the company’s stock.

Shares of NYSE:WLL traded up $0.83 during mid-day trading on Monday, reaching $34.28. 8,501 shares of the company were exchanged, compared to its average volume of 692,735. The firm’s 50-day simple moving average is $34.31 and its 200 day simple moving average is $24.81. Whiting Petroleum has a 1 year low of $13.44 and a 1 year high of $38.82.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids 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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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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