Whiting Petroleum Corporation (NYSE:WLL) – Investment analysts at KeyCorp lifted their FY2016 earnings estimates for Whiting Petroleum Corporation in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the brokerage will post earnings of ($2.19) per share for the year, up from their previous estimate of ($2.22). KeyCorp has a “Overweight” rating and a $15.00 price target on the stock. KeyCorp also issued estimates for Whiting Petroleum Corporation’s Q4 2016 earnings at ($0.30) EPS, Q1 2017 earnings at ($0.19) EPS, Q2 2017 earnings at ($0.15) EPS, Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.49) EPS, Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at ($0.08) EPS.

WLL has been the topic of a number of other reports. Vetr upgraded Whiting Petroleum Corporation from a “hold” rating to a “strong-buy” rating and set a $14.50 target price on the stock in a report on Thursday, December 1st. Mizuho initiated coverage on Whiting Petroleum Corporation in a report on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 target price on the stock. Raymond James Financial, Inc. upgraded Whiting Petroleum Corporation from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $16.00 to $14.00 in a report on Friday, October 28th. Canaccord Genuity set a $14.00 target price on Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Finally, SunTrust Banks, Inc. set a $20.00 target price on Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Whiting Petroleum Corporation has an average rating of “Hold” and a consensus target price of $12.83.

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

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Shares of Whiting Petroleum Corporation (NYSE:WLL) traded down 1.5281% during midday trading on Friday, reaching $12.2499. The company’s stock had a trading volume of 4,934,239 shares. Whiting Petroleum Corporation has a 52 week low of $3.35 and a 52 week high of $14.44. The stock has a 50-day moving average price of $12.04 and a 200 day moving average price of $9.13. The stock’s market capitalization is $3.44 billion.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The firm had revenue of $129.23 million for the quarter, compared to analyst estimates of $350.95 million. Whiting Petroleum Corporation had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s revenue was down 74.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) earnings per share.

Institutional investors have recently bought and sold shares of the company. Putnam FL Investment Management Co. raised its position in Whiting Petroleum Corporation by 0.8% in the third quarter. Putnam FL Investment Management Co. now owns 18,930 shares of the oil and gas exploration company’s stock worth $165,000 after buying an additional 150 shares during the last quarter. Moors & Cabot Inc. raised its position in Whiting Petroleum Corporation by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 323 shares during the last quarter. Neuberger Berman Group LLC raised its position in Whiting Petroleum Corporation by 1.5% in the third quarter. Neuberger Berman Group LLC now owns 27,039 shares of the oil and gas exploration company’s stock worth $236,000 after buying an additional 400 shares during the last quarter. Comerica Bank raised its position in Whiting Petroleum Corporation by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 709 shares during the last quarter. Finally, Investment Centers of America Inc. raised its position in Whiting Petroleum Corporation by 2.6% in the second quarter. Investment Centers of America Inc. now owns 28,472 shares of the oil and gas exploration company’s stock worth $262,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

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Whiting Petroleum Corporation Company Profile

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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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