Whiting Petroleum Corp (WLL) Expected to Post Quarterly Sales of $385.36 Million

Wall Street analysts expect Whiting Petroleum Corp (NYSE:WLL) to report sales of $385.36 million for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Whiting Petroleum Corp’s earnings. The highest sales estimate is $473.46 million and the lowest is $322.64 million. Whiting Petroleum Corp reported sales of $342.70 million in the same quarter last year, which indicates a positive year over year growth rate of 12.4%. The company is expected to issue its next earnings results on Tuesday, February 20th.

On average, analysts expect that Whiting Petroleum Corp will report full year sales of $385.36 million for the current year, with estimates ranging from $1.31 billion to $1.53 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.12 billion to $2.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Whiting Petroleum Corp.

Whiting Petroleum Corp (NYSE:WLL) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. Whiting Petroleum Corp had a negative return on equity of 23.66% and a negative net margin of 88.35%. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. During the same period in the prior year, the firm earned ($0.47) EPS. The company’s revenue was up 2.8% compared to the same quarter last year.

A number of brokerages have recently weighed in on WLL. Cowen and Company restated a “buy” rating and issued a $8.00 price objective on shares of Whiting Petroleum Corp in a report on Sunday, September 17th. Citigroup Inc. reduced their price objective on shares of Whiting Petroleum Corp from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Whiting Petroleum Corp from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Thursday, October 12th. Morgan Stanley set a $4.00 price objective on shares of Whiting Petroleum Corp and gave the company a “sell” rating in a report on Thursday. Finally, Barclays PLC set a $5.00 price objective on shares of Whiting Petroleum Corp and gave the company a “hold” rating in a report on Wednesday, October 11th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.40.

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Several large investors have recently modified their holdings of WLL. Nationwide Fund Advisors boosted its holdings in shares of Whiting Petroleum Corp by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Whiting Petroleum Corp by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock valued at $190,000 after acquiring an additional 2,088 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Whiting Petroleum Corp by 155.5% in the first quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock valued at $878,000 after acquiring an additional 56,500 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Whiting Petroleum Corp by 6.9% in the first quarter. Principal Financial Group Inc. now owns 35,718 shares of the oil and gas exploration company’s stock valued at $338,000 after acquiring an additional 2,320 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Whiting Petroleum Corp by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock valued at $8,511,000 after acquiring an additional 617,558 shares in the last quarter. 82.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Whiting Petroleum Corp (WLL) traded down 0.270% during trading on Friday, reaching $5.545. The company had a trading volume of 4,915,738 shares. The stock’s market capitalization is $2.01 billion. Whiting Petroleum Corp has a 1-year low of $3.97 and a 1-year high of $13.39. The company’s 50 day moving average is $5.07 and its 200-day moving average is $6.01.

Whiting Petroleum Corp Company Profile

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.

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

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