Equities analysts predict that Whiting Petroleum Corp (NYSE:WLL) will report $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Whiting Petroleum’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.46. Whiting Petroleum posted earnings of $0.92 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 80.4%. The firm is expected to report its next earnings report before the market opens on Thursday, May 2nd.
According to Zacks, analysts expect that Whiting Petroleum will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $0.28 to $3.41. For the next year, analysts forecast that the company will post earnings of $2.78 per share, with EPS estimates ranging from $0.68 to $12.39. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The business had revenue of $473.20 million for the quarter, compared to the consensus estimate of $484.96 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Whiting Petroleum’s revenue was down .3% on a year-over-year basis.
Several research analysts recently weighed in on WLL shares. Zacks Investment Research upgraded Whiting Petroleum from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, April 4th. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday. Morgan Stanley cut Whiting Petroleum from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $28.00 to $31.00 in a report on Friday, April 12th. Ifs Securities reissued an “outperform” rating on shares of Whiting Petroleum in a report on Sunday, February 3rd. Finally, Robert W. Baird set a $30.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. Whiting Petroleum currently has an average rating of “Buy” and a consensus target price of $48.24.
In related news, insider Peter Hagist sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the transaction, the insider now owns 43,930 shares of the company’s stock, valued at approximately $1,106,596.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the transaction, the director now directly owns 16,822 shares of the company’s stock, valued at approximately $414,157.64. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in WLL. Vanguard Group Inc. boosted its position in Whiting Petroleum by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 9,462,009 shares of the oil and gas exploration company’s stock worth $501,865,000 after purchasing an additional 373,404 shares during the period. Teton Advisors Inc. increased its position in Whiting Petroleum by 8.2% in the 4th quarter. Teton Advisors Inc. now owns 9,200 shares of the oil and gas exploration company’s stock valued at $209,000 after acquiring an additional 700 shares in the last quarter. Virtu Financial LLC acquired a new stake in Whiting Petroleum in the 4th quarter valued at about $865,000. North Star Asset Management Inc. increased its position in Whiting Petroleum by 11.9% in the 4th quarter. North Star Asset Management Inc. now owns 99,810 shares of the oil and gas exploration company’s stock valued at $2,265,000 after acquiring an additional 10,642 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Whiting Petroleum by 2.5% during the 3rd quarter. Macquarie Group Ltd. now owns 773,742 shares of the oil and gas exploration company’s stock worth $41,040,000 after buying an additional 18,699 shares during the period. 98.79% of the stock is owned by institutional investors and hedge funds.
Shares of WLL stock traded down $0.44 on Tuesday, reaching $27.43. 3,473,545 shares of the company’s stock were exchanged, compared to its average volume of 4,323,738. Whiting Petroleum has a 52 week low of $18.37 and a 52 week high of $56.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $2.52 billion, a P/E ratio of 12.58 and a beta of 2.95.
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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