Whiting Petroleum Corp (NYSE:WLL) – Equities researchers at Capital One Financial issued their Q1 2019 EPS estimates for Whiting Petroleum in a research note issued to investors on Wednesday, October 31st. Capital One Financial analyst B. Velie forecasts that the oil and gas exploration company will post earnings per share of $1.02 for the quarter. Capital One Financial currently has a “Equal Weight” rating and a $54.00 target price on the stock. Capital One Financial also issued estimates for Whiting Petroleum’s Q3 2019 earnings at $0.83 EPS and Q4 2019 earnings at $0.86 EPS.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $522.00 million. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.34%. The business’s revenue for the quarter was up 74.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share.
Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Whiting Petroleum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. R. F. Lafferty raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $56.00 in a report on Wednesday, September 5th. SunTrust Banks lifted their target price on shares of Whiting Petroleum from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, August 27th. KLR Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Whiting Petroleum in a report on Monday, August 20th. Finally, Stifel Nicolaus decreased their target price on shares of Whiting Petroleum from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $52.41.
Shares of Whiting Petroleum stock opened at $34.22 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -26.12, a PEG ratio of 1.51 and a beta of 2.94. Whiting Petroleum has a 52-week low of $21.38 and a 52-week high of $56.47.
In other news, insider Rick A. Mr. Ross sold 2,079 shares of Whiting Petroleum stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the completion of the sale, the insider now directly owns 73,536 shares in the company, valued at $4,045,215.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Catlin sold 8,626 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $50.50, for a total transaction of $435,613.00. Following the completion of the sale, the director now owns 57,888 shares of the company’s stock, valued at $2,923,344. The disclosure for this sale can be found here. Insiders sold 23,181 shares of company stock valued at $1,236,658 over the last quarter. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in WLL. North Star Investment Management Corp. bought a new stake in Whiting Petroleum during the second quarter valued at approximately $132,000. Advisors Preferred LLC bought a new stake in Whiting Petroleum during the second quarter valued at approximately $176,000. Integrated Investment Consultants LLC bought a new stake in Whiting Petroleum during the second quarter valued at approximately $178,000. Lourd Capital LLC bought a new stake in Whiting Petroleum during the third quarter valued at approximately $204,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in Whiting Petroleum during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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