Whiting Petroleum Corp (NYSE:WLL) – Equities researchers at Imperial Capital increased their FY2018 earnings estimates for shares of Whiting Petroleum in a research report issued on Thursday, November 1st. Imperial Capital analyst J. Wangler now forecasts that the oil and gas exploration company will post earnings of $3.28 per share for the year, up from their previous estimate of $2.55. Imperial Capital currently has a “In-Line” rating and a $45.00 price target on the stock. Imperial Capital also issued estimates for Whiting Petroleum’s Q4 2018 earnings at $0.81 EPS and FY2019 earnings at $5.73 EPS.
A number of other research firms have also recently weighed in on WLL. Oppenheimer initiated coverage on Whiting Petroleum in a report on Wednesday, October 3rd. They set an “outperform” rating and a $67.00 price target on the stock. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Saturday, October 13th. Robert W. Baird lifted their price target on Whiting Petroleum from $50.00 to $61.00 and gave the company an “outperform” rating in a report on Sunday, July 29th. Morgan Stanley set a $60.00 price target on Whiting Petroleum and gave the company a “buy” rating in a report on Monday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $75.00 price target on shares of Whiting Petroleum in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.17.
WLL opened at $35.29 on Monday. The company has a market cap of $3.11 billion, a PE ratio of -26.94, a price-to-earnings-growth ratio of 1.42 and a beta of 3.02. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Whiting Petroleum has a twelve month low of $21.38 and a twelve month high of $56.47.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.34. The company had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $522.00 million. Whiting Petroleum had a positive return on equity of 5.30% and a negative net margin of 31.68%. The business’s revenue for the quarter was up 74.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share.
A number of institutional investors have recently bought and sold shares of WLL. State of Alaska Department of Revenue grew its position in Whiting Petroleum by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 9,885 shares of the oil and gas exploration company’s stock worth $521,000 after buying an additional 2,820 shares during the last quarter. Viking Fund Management LLC acquired a new position in Whiting Petroleum in the second quarter worth approximately $4,218,000. Deprince Race & Zollo Inc. acquired a new position in Whiting Petroleum in the second quarter worth approximately $211,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Whiting Petroleum in the second quarter worth approximately $211,000. Finally, Nisa Investment Advisors LLC acquired a new position in Whiting Petroleum in the second quarter worth approximately $3,406,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.
In other Whiting Petroleum news, Director James E. Catlin sold 8,626 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $50.50, for a total value of $435,613.00. Following the transaction, the director now owns 57,888 shares in the company, valued at $2,923,344. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael J. Stevens sold 12,476 shares of Whiting Petroleum stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $55.04, for a total transaction of $686,679.04. Following the completion of the transaction, the chief financial officer now owns 96,571 shares in the company, valued at approximately $5,315,267.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,181 shares of company stock worth $1,236,658. 1.70% of the stock is currently owned by company insiders.
Whiting Petroleum Company Profile
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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