Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at Capital One Financial issued their Q1 2018 earnings estimates for Whiting Petroleum in a research report issued to clients and investors on Tuesday. Capital One Financial analyst B. Velie forecasts that the oil and gas exploration company will post earnings of ($0.04) per share for the quarter. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Whiting Petroleum’s Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.04) EPS and Q4 2018 earnings at ($0.02) EPS.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted ($1.88) earnings per share.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus set a $40.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Thursday, October 5th. SunTrust Banks set a $36.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Friday, October 20th. KeyCorp set a $28.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. Finally, Cowen reaffirmed a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the stock. Whiting Petroleum presently has a consensus rating of “Hold” and an average price target of $33.64.

Shares of Whiting Petroleum (WLL) traded down $0.45 during trading hours on Wednesday, reaching $29.91. 2,100,000 shares of the company were exchanged, compared to its average volume of 4,760,000. The company has a market capitalization of $2,710.00, a PE ratio of -4.17 and a beta of 3.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $49.64.

A number of hedge funds have recently added to or reduced their stakes in WLL. ProShare Advisors LLC raised its holdings in shares of Whiting Petroleum by 1.4% during the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock valued at $156,000 after purchasing an additional 388 shares during the period. First Allied Advisory Services Inc. raised its holdings in shares of Whiting Petroleum by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after purchasing an additional 475 shares during the period. MML Investors Services LLC raised its holdings in shares of Whiting Petroleum by 1.9% during the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 895 shares during the period. Frontier Wealth Management LLC raised its holdings in shares of Whiting Petroleum by 11.9% during the second quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock valued at $155,000 after purchasing an additional 3,000 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Whiting Petroleum during the fourth quarter valued at about $138,000.

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About Whiting Petroleum

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.

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

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