$0.47 EPS Expected for Whiting Petroleum Co. (WLL) This Quarter

Analysts expect that Whiting Petroleum Co. (NYSE:WLL) will report earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Whiting Petroleum’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.77. Whiting Petroleum posted earnings per share of ($0.72) in the same quarter last year, which suggests a positive year over year growth rate of 165.3%. The firm is scheduled to report its next earnings results on Wednesday, July 25th.

On average, analysts expect that Whiting Petroleum will report full year earnings of $2.31 per share for the current year, with EPS estimates ranging from $0.82 to $4.03. For the next fiscal year, analysts expect that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $1.18 to $4.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.70. The company had revenue of $515.10 million for the quarter, compared to analyst estimates of $476.68 million. Whiting Petroleum had a negative return on equity of 1.08% and a negative net margin of 69.88%. Whiting Petroleum’s revenue was up 38.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) earnings per share.

A number of equities research analysts have recently commented on the company. Bank of America raised Whiting Petroleum from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Robert W. Baird raised their price target on Whiting Petroleum from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 7th. Imperial Capital raised their price target on Whiting Petroleum from $40.00 to $45.00 and gave the stock a “line” rating in a research report on Wednesday, May 2nd. TheStreet raised Whiting Petroleum from a “d” rating to a “c-” rating in a research report on Monday, April 30th. Finally, ValuEngine raised Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Whiting Petroleum has an average rating of “Hold” and a consensus price target of $41.03.

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

A number of hedge funds have recently bought and sold shares of the business. Barings LLC bought a new position in Whiting Petroleum in the first quarter valued at approximately $14,149,000. Dimensional Fund Advisors LP grew its stake in Whiting Petroleum by 16.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,758,914 shares of the oil and gas exploration company’s stock valued at $194,882,000 after purchasing an additional 799,728 shares in the last quarter. Millennium Management LLC grew its stake in Whiting Petroleum by 44.9% in the first quarter. Millennium Management LLC now owns 2,130,901 shares of the oil and gas exploration company’s stock valued at $72,110,000 after purchasing an additional 659,949 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Whiting Petroleum by 2,700,626.7% during the 1st quarter. Earnest Partners LLC now owns 1,215,327 shares of the oil and gas exploration company’s stock worth $41,127,000 after acquiring an additional 1,215,282 shares during the period. Finally, Encompass Capital Advisors LLC bought a new position in shares of Whiting Petroleum during the 4th quarter worth approximately $31,776,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Shares of Whiting Petroleum traded up $2.12, reaching $51.76, during mid-day trading on Thursday, according to Marketbeat. 5,489,245 shares of the company’s stock were exchanged, compared to its average volume of 4,905,193. The firm has a market cap of $4.46 billion, a P/E ratio of -39.51, a P/E/G ratio of 2.67 and a beta of 2.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.58 and a quick ratio of 0.58. Whiting Petroleum has a twelve month low of $48.60 and a twelve month high of $49.56.

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

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