Whiting Petroleum Corp (NYSE:WLL) – Equities researchers at Imperial Capital lowered their Q2 2018 earnings estimates for Whiting Petroleum in a report issued on Thursday, according to Zacks Investment Research. Imperial Capital analyst J. Wangler now forecasts that the oil and gas exploration company will post earnings per share of ($0.39) for the quarter, down from their prior forecast of ($0.38). Imperial Capital currently has a “line” rating and a $30.00 price target on the stock. Imperial Capital also issued estimates for Whiting Petroleum’s Q4 2018 earnings at ($0.25) EPS and FY2018 earnings at ($1.54) EPS.
A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $33.00 price objective on shares of Whiting Petroleum in a report on Thursday. Piper Jaffray Companies reiterated a “hold” rating and issued a $40.00 target price on shares of Whiting Petroleum in a report on Tuesday. ValuEngine cut Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Barclays reiterated a “hold” rating and issued a $20.00 target price on shares of Whiting Petroleum in a report on Sunday, December 24th. Finally, Seaport Global Securities upgraded Whiting Petroleum from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Whiting Petroleum presently has a consensus rating of “Hold” and an average price target of $33.31.
Whiting Petroleum (NYSE WLL) opened at $29.72 on Monday. Whiting Petroleum has a 1-year low of $15.88 and a 1-year high of $52.32. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2,700.00, a price-to-earnings ratio of -4.14 and a beta of 3.39.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $330.25 million. During the same quarter in the previous year, the business earned ($1.88) EPS. Whiting Petroleum’s revenue was up 2.8% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its position in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after buying an additional 8,737,870 shares in the last quarter. Vanguard Group Inc. increased its position in Whiting Petroleum by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after buying an additional 254,053 shares in the last quarter. Fine Capital Partners L.P. increased its position in Whiting Petroleum by 23.7% during the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after buying an additional 5,057,592 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Whiting Petroleum by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after buying an additional 4,483,396 shares in the last quarter. Finally, Schneider Capital Management Corp increased its position in Whiting Petroleum by 63.7% during the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after buying an additional 2,230,237 shares in the last quarter.
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Whiting Petroleum 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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