Whiting Petroleum Corporation (WLL) to Post Q3 2017 Earnings of ($0.19) Per Share, Seaport Global Securities Forecasts

Whiting Petroleum Corporation (NYSE:WLL) – Stock analysts at Seaport Global Securities lifted their Q3 2017 EPS estimates for shares of Whiting Petroleum Corporation in a research note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings of ($0.19) per share for the quarter, up from their previous forecast of ($0.21). Seaport Global Securities has a “Sell” rating and a $4.00 price objective on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at ($0.73) EPS and FY2018 earnings at ($1.09) EPS.

A number of other analysts have also recently commented on the stock. Tudor Pickering cut shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 price target on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Bank of America Corporation started coverage on shares of Whiting Petroleum Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price target on the stock. Citigroup Inc. cut their price target on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, ValuEngine cut shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.42.

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Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 5.17 on Wednesday. The firm’s market cap is $1.88 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The company’s 50-day moving average price is $5.03 and its 200 day moving average price is $6.17.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.70) EPS.

A number of large investors have recently bought and sold shares of the business. Davidson Kempner Capital Management LP purchased a new stake in Whiting Petroleum Corporation in the 2nd quarter valued at about $8,265,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Whiting Petroleum Corporation by 19.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,738 shares of the oil and gas exploration company’s stock worth $258,000 after purchasing an additional 7,742 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Whiting Petroleum Corporation by 75.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 159,990 shares of the oil and gas exploration company’s stock worth $882,000 after purchasing an additional 68,808 shares during the last quarter. Wealthsource Partners LLC increased its stake in shares of Whiting Petroleum Corporation by 72.3% during the 2nd quarter. Wealthsource Partners LLC now owns 52,625 shares of the oil and gas exploration company’s stock worth $290,000 after purchasing an additional 22,075 shares during the last quarter. Finally, Proxima Capital Management LLC increased its stake in shares of Whiting Petroleum Corporation by 22.8% during the 2nd quarter. Proxima Capital Management LLC now owns 860,000 shares of the oil and gas exploration company’s stock worth $4,739,000 after purchasing an additional 159,400 shares during the last quarter. Hedge funds and other institutional investors own 82.86% of the company’s stock.

About Whiting Petroleum Corporation

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 Corporation (NYSE:WLL)

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