Q2 2018 EPS Estimates for Whiting Petroleum Corp Lifted by Imperial Capital (WLL)

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Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at Imperial Capital boosted their Q2 2018 EPS estimates for shares of Whiting Petroleum in a note issued to investors on Wednesday, July 18th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will earn $0.63 per share for the quarter, up from their prior forecast of $0.52. Imperial Capital currently has a “line” rating and a $45.00 target price on the stock. Imperial Capital also issued estimates for Whiting Petroleum’s FY2018 earnings at $2.93 EPS and FY2019 earnings at $4.10 EPS.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.70. Whiting Petroleum had a negative net margin of 69.88% and a negative return on equity of 1.08%. The firm had revenue of $515.10 million for the quarter, compared to analysts’ expectations of $476.68 million. During the same period in the prior year, the firm earned ($0.15) EPS. The business’s revenue was up 38.7% on a year-over-year basis.

Several other brokerages have also recently commented on WLL. KLR Group raised their target price on shares of Whiting Petroleum to $64.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. Zacks Investment Research raised shares of Whiting Petroleum from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Wednesday, June 13th. Morgan Stanley lowered their target price on shares of Whiting Petroleum from $71.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. Stifel Nicolaus raised their target price on shares of Whiting Petroleum from $49.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, May 18th. Finally, SunTrust Banks raised their target price on shares of Whiting Petroleum to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 5th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.68.

Shares of Whiting Petroleum opened at $49.93 on Friday, according to MarketBeat. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $56.47. The company has a market cap of $4.50 billion, a PE ratio of -38.11, a price-to-earnings-growth ratio of 2.11 and a beta of 3.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.73.

A number of large investors have recently made changes to their positions in WLL. Quantitative Investment Management LLC bought a new position in Whiting Petroleum in the fourth quarter valued at approximately $473,000. Two Sigma Advisers LP bought a new position in Whiting Petroleum in the fourth quarter valued at approximately $1,888,000. Gotham Asset Management LLC bought a new position in Whiting Petroleum in the fourth quarter valued at approximately $2,686,000. Pin Oak Investment Advisors Inc. bought a new position in Whiting Petroleum in the fourth quarter valued at approximately $918,000. Finally, HL Financial Services LLC bought a new position in Whiting Petroleum in the first quarter valued at approximately $348,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Whiting Petroleum Company Profile

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.

Read More: Book Value Per Share – BVPS

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

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