Equities research analysts predict that Whiting Petroleum Corp (NYSE:WLL) will report earnings of $0.79 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Whiting Petroleum’s earnings. The lowest EPS estimate is $0.50 and the highest is $1.07. Whiting Petroleum reported earnings of ($0.17) per share in the same quarter last year, which would indicate a positive year over year growth rate of 564.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Whiting Petroleum will report full-year earnings of $3.10 per share for the current year, with EPS estimates ranging from $1.90 to $3.50. For the next year, analysts anticipate that the business will post earnings of $5.20 per share, with EPS estimates ranging from $3.52 to $7.89. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.34. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. The firm had revenue of $566.70 million for the quarter, compared to analyst estimates of $522.00 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 74.8% compared to the same quarter last year.

Several brokerages have commented on WLL. Susquehanna Bancshares dropped their price target on shares of Whiting Petroleum from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Imperial Capital set a $45.00 price target on shares of Whiting Petroleum and gave the company an “in-line” rating in a research note on Thursday, November 1st. Morgan Stanley reiterated an “overweight” rating on shares of Whiting Petroleum in a research note on Thursday, September 27th. Capital One Financial lowered shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and set a $54.00 price target on the stock. in a research note on Monday, October 8th. Finally, Credit Suisse Group dropped their price target on shares of Whiting Petroleum from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whiting Petroleum presently has an average rating of “Buy” and a consensus price target of $52.17.

In other news, Director William N. Hahne sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $36.85, for a total transaction of $84,755.00. Following the transaction, the director now directly owns 20,914 shares in the company, valued at $770,680.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rick A. Mr. Ross sold 2,079 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $55.01, for a total transaction of $114,365.79. Following the transaction, the insider now owns 73,536 shares in the company, valued at $4,045,215.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,481 shares of company stock worth $1,321,413. Insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC acquired a new stake in shares of Whiting Petroleum during the third quarter worth $766,000. Cpwm LLC acquired a new stake in shares of Whiting Petroleum during the third quarter worth $376,000. Mutual of America Capital Management LLC lifted its holdings in shares of Whiting Petroleum by 1.5% during the third quarter. Mutual of America Capital Management LLC now owns 163,870 shares of the oil and gas exploration company’s stock worth $8,692,000 after purchasing an additional 2,456 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Whiting Petroleum by 240.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock worth $172,000 after purchasing an additional 2,295 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Whiting Petroleum by 122.0% during the third quarter. GSA Capital Partners LLP now owns 17,044 shares of the oil and gas exploration company’s stock worth $904,000 after purchasing an additional 9,367 shares during the period. 94.37% of the stock is owned by hedge funds and other institutional investors.

Shares of WLL stock traded down $3.00 during trading hours on Tuesday, reaching $31.42. 6,421,256 shares of the stock were exchanged, compared to its average volume of 4,028,887. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 0.56. Whiting Petroleum has a 12-month low of $21.38 and a 12-month high of $56.47. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of -23.98, a PEG ratio of 1.45 and a beta of 3.02.

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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