Whiting Petroleum (NYSE:WLL) released its earnings results on Wednesday. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.28, Bloomberg Earnings reports. The firm had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. Whiting Petroleum’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS.
Shares of Whiting Petroleum (NYSE:WLL) traded down $0.93 on Wednesday, hitting $22.57. 6,130,188 shares of the company’s stock traded hands, compared to its average volume of 4,820,000. Whiting Petroleum has a one year low of $15.88 and a one year high of $47.00. The firm has a market capitalization of $2,050.00, a PE ratio of -3.14 and a beta of 3.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59.
WLL has been the topic of several research analyst reports. Stifel Nicolaus set a $40.00 target price on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum and gave the company a “sell” rating in a research note on Thursday, October 26th. JPMorgan Chase & Co. lowered their target price on shares of Whiting Petroleum from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.28.
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About Whiting Petroleum
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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