SunTrust Banks Equities Analysts Increase Earnings Estimates for Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (NYSE:WLL) – Analysts at SunTrust Banks raised their FY2020 earnings estimates for Whiting Petroleum in a report released on Wednesday, April 17th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will earn $2.50 per share for the year, up from their prior forecast of $2.27.

Several other analysts have also issued reports on WLL. Zacks Investment Research lowered Whiting Petroleum from a “hold” rating to a “sell” rating in a research note on Sunday, January 6th. Raymond James set a $52.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $43.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 29th. ValuEngine upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Ifs Securities restated an “outperform” rating on shares of Whiting Petroleum in a research note on Sunday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Whiting Petroleum currently has an average rating of “Buy” and an average price target of $48.24.

Shares of NYSE WLL opened at $27.87 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.56 billion, a P/E ratio of 12.78 and a beta of 2.95. Whiting Petroleum has a 52 week low of $18.37 and a 52 week high of $56.47.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The company had revenue of $473.20 million for the quarter, compared to analyst estimates of $484.96 million. During the same period last year, the company posted ($0.17) earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of WLL. Norges Bank bought a new position in Whiting Petroleum during the 4th quarter worth $23,869,000. Deutsche Bank AG increased its stake in Whiting Petroleum by 71.3% during the 4th quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after acquiring an additional 1,051,214 shares during the period. AQR Capital Management LLC increased its stake in Whiting Petroleum by 604.5% during the 3rd quarter. AQR Capital Management LLC now owns 911,874 shares of the oil and gas exploration company’s stock worth $48,366,000 after acquiring an additional 782,430 shares during the period. Perella Weinberg Partners Capital Management LP increased its stake in Whiting Petroleum by 221.5% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 647,243 shares of the oil and gas exploration company’s stock worth $16,247,000 after acquiring an additional 445,908 shares during the period. Finally, Vanguard Group Inc increased its stake in Whiting Petroleum by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 9,462,009 shares of the oil and gas exploration company’s stock worth $501,865,000 after acquiring an additional 373,404 shares during the period. Hedge funds and other institutional investors own 98.79% of the company’s stock.

In other news, insider Peter Hagist sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the transaction, the insider now owns 43,930 shares in the company, valued at $1,106,596.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the transaction, the director now owns 16,822 shares in the company, valued at approximately $414,157.64. The disclosure for this sale can be found here. 1.20% 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.

See Also: What is a Real Estate Investment Trust (REIT)?

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

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit