Analysts Anticipate Whiting Petroleum Corporation (WLL) to Post -$0.23 Earnings Per Share

Wall Street analysts predict that Whiting Petroleum Corporation (NYSE:WLL) will announce earnings per share (EPS) of ($0.23) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Whiting Petroleum Corporation’s earnings, with the lowest EPS estimate coming in at ($0.35) and the highest estimate coming in at ($0.17). Whiting Petroleum Corporation reported earnings of ($0.47) per share during the same quarter last year, which suggests a positive year over year growth rate of 51.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that Whiting Petroleum Corporation will report full year earnings of ($0.76) per share for the current year, with EPS estimates ranging from ($0.99) to ($0.57). For the next financial year, analysts expect that the firm will post earnings of ($0.70) per share, with EPS estimates ranging from ($1.08) to $0.03. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Whiting Petroleum Corporation.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business had revenue of $311.50 million for the quarter, compared to analyst estimates of $345.64 million. During the same period in the prior year, the business posted ($0.70) earnings per share. Whiting Petroleum Corporation’s revenue was down 7.6% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. BMO Capital Markets restated a “hold” rating on shares of Whiting Petroleum Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus decreased their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, July 27th. Citigroup Inc. decreased their price objective on shares of Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corporation currently has a consensus rating of “Hold” and an average target price of $11.28.

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A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of Whiting Petroleum Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 2,006,965 shares of the oil and gas exploration company’s stock worth $18,985,000 after buying an additional 77,223 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of Whiting Petroleum Corporation during the first quarter worth $790,000. Teacher Retirement System of Texas increased its stake in shares of Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Whiting Petroleum Corporation by 218.9% in the first quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after buying an additional 617,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares in the last quarter. 82.63% of the stock is currently owned by institutional investors and hedge funds.

Whiting Petroleum Corporation (NYSE WLL) opened at 4.79 on Friday. Whiting Petroleum Corporation has a one year low of $4.61 and a one year high of $13.39. The firm’s market capitalization is $1.74 billion. The company has a 50-day moving average of $5.19 and a 200 day moving average of $8.03.

About Whiting Petroleum Corporation

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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Earnings History and Estimates for Whiting Petroleum Corporation (NYSE:WLL)

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