Whiting Petroleum Corp (NYSE:WLL) – Equities research analysts at SunTrust Banks dropped their Q2 2019 earnings estimates for Whiting Petroleum in a report issued on Monday, July 8th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.35. SunTrust Banks has a “Buy” rating and a $35.00 price objective on the stock. SunTrust Banks also issued estimates for Whiting Petroleum’s Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.03 EPS.
Other analysts have also issued research reports about the stock. Capital One Financial lowered shares of Cimarex Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. KeyCorp increased their price target on shares of WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Finally, Bank of America set a $54.00 target price on shares of Fortis and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Whiting Petroleum presently has a consensus rating of “Buy” and an average target price of $43.73.
WLL opened at $17.47 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.54 billion, a PE ratio of 8.01 and a beta of 2.92. Whiting Petroleum has a twelve month low of $15.40 and a twelve month high of $55.17. The company has a 50-day moving average of $17.80.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The business had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 24.4% on a year-over-year basis.
Several large investors have recently made changes to their positions in WLL. Whittier Trust Co. lifted its position in shares of Whiting Petroleum by 89.9% in the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 517 shares in the last quarter. Investors Research Corp lifted its position in Whiting Petroleum by 113.3% during the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 850 shares during the period. Meeder Asset Management Inc. lifted its position in Whiting Petroleum by 78.8% during the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after buying an additional 979 shares during the period. LS Investment Advisors LLC purchased a new position in Whiting Petroleum during the first quarter worth about $70,000. Finally, Advisor Group Inc. lifted its position in Whiting Petroleum by 13.7% during the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 665 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.
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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