Wall Street analysts forecast that Whiting Petroleum Corp (NYSE:WLL) will report $0.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Whiting Petroleum’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at $0.46. Whiting Petroleum reported earnings per share of $0.92 in the same quarter last year, which indicates a negative year over year growth rate of 84.8%. The business is scheduled to issue its next quarterly earnings results on Monday, April 29th.

According to Zacks, analysts expect that Whiting Petroleum will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $0.28 to $3.23. For the next fiscal year, analysts expect that the company will report earnings of $2.00 per share, with EPS estimates ranging from $0.68 to $4.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.58). The company had revenue of $473.20 million during the quarter, compared to analyst estimates of $484.96 million. Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) earnings per share.

Several analysts recently issued reports on WLL shares. ValuEngine raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Raymond James set a $52.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Robert W. Baird set a $30.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Friday, February 8th. KeyCorp began coverage on shares of Whiting Petroleum in a report on Tuesday, February 12th. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Zacks Investment Research raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.08.

In related news, insider Peter Hagist sold 5,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the transaction, the insider now owns 43,930 shares in the company, valued at approximately $1,106,596.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip Edward Doty sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.62, for a total transaction of $61,550.00. Following the completion of the transaction, the director now owns 16,822 shares of the company’s stock, valued at approximately $414,157.64. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WLL. NuWave Investment Management LLC grew its position in Whiting Petroleum by 217.9% in the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 915 shares in the last quarter. Rational Advisors LLC lifted its holdings in Whiting Petroleum by 808.2% in the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,188 shares during the last quarter. Ffcm LLC lifted its holdings in Whiting Petroleum by 72.2% in the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 570 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Whiting Petroleum in the 4th quarter valued at about $87,000. Finally, Penserra Capital Management LLC lifted its holdings in Whiting Petroleum by 948.9% in the 4th quarter. Penserra Capital Management LLC now owns 5,622 shares of the oil and gas exploration company’s stock valued at $126,000 after acquiring an additional 5,086 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

WLL traded down $1.79 during trading on Friday, hitting $25.60. The company had a trading volume of 5,549,716 shares, compared to its average volume of 6,101,426. The stock has a market capitalization of $2.35 billion, a PE ratio of 11.74 and a beta of 2.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.74 and a quick ratio of 0.74. Whiting Petroleum has a 1-year low of $18.37 and a 1-year high of $56.47.

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.

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

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