Whiting Petroleum (WLL) to Release Earnings on Tuesday

Whiting Petroleum (NYSE:WLL) is set to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.13. The firm had revenue of $474.40 million during the quarter, compared to analysts’ expectations of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.28) earnings per share. On average, analysts expect Whiting Petroleum to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of WLL stock opened at $38.21 on Tuesday. The firm has a market capitalization of $3,512.52, a price-to-earnings ratio of -29.17, a PEG ratio of 4.05 and a beta of 2.90. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.71. Whiting Petroleum has a one year low of $15.88 and a one year high of $38.94.

A number of analysts have commented on WLL shares. Robert W. Baird set a $27.00 price target on shares of Whiting Petroleum and gave the company an “outperform” rating in a research note on Monday, December 18th. Seaport Global Securities upgraded shares of Whiting Petroleum from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. Barclays restated a “hold” rating and set a $20.00 target price on shares of Whiting Petroleum in a research note on Sunday, December 24th. ValuEngine cut shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray reiterated a “hold” rating and issued a $40.00 price objective on shares of Whiting Petroleum in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.96.

In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the transaction, the vice president now directly owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

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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.

Earnings History for Whiting Petroleum (NYSE:WLL)

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