Equities analysts expect that Whiting Petroleum Corp (NYSE:WLL) will report earnings per share of $0.65 for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Whiting Petroleum’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.90. Whiting Petroleum posted earnings of ($0.56) per share during the same quarter last year, which would indicate a positive year over year growth rate of 216.1%. The business is expected to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Whiting Petroleum will report full year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $3.55. For the next year, analysts forecast that the business will post earnings of $4.18 per share, with EPS estimates ranging from $2.78 to $5.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. The firm had revenue of $526.40 million during the quarter, compared to analysts’ expectations of $505.32 million. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. The firm’s quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS.
A number of equities analysts recently weighed in on WLL shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $46.00 price objective on shares of Whiting Petroleum in a research report on Wednesday, April 18th. Morgan Stanley raised shares of Whiting Petroleum from an “underweight” rating to an “equal weight” rating and set a $22.00 price target for the company in a research report on Friday, April 20th. KeyCorp upped their price target on shares of Whiting Petroleum from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Robert W. Baird set a $44.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Monday, April 23rd. Finally, SunTrust Banks set a $60.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Sunday, April 22nd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.58.
Shares of Whiting Petroleum traded up $0.47, reaching $47.96, during mid-day trading on Friday, Marketbeat.com reports. 2,026,166 shares of the company were exchanged, compared to its average volume of 3,066,992. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $4.32 billion, a P/E ratio of -36.61, a PEG ratio of 2.00 and a beta of 2.93. Whiting Petroleum has a 1 year low of $15.88 and a 1 year high of $56.47.
Several hedge funds have recently made changes to their positions in WLL. North Star Investment Management Corp. purchased a new position in shares of Whiting Petroleum in the second quarter valued at $132,000. Advisors Preferred LLC acquired a new stake in Whiting Petroleum in the second quarter valued at $176,000. Integrated Investment Consultants LLC acquired a new stake in Whiting Petroleum in the second quarter valued at $178,000. Aull & Monroe Investment Management Corp acquired a new stake in Whiting Petroleum in the first quarter valued at $206,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in Whiting Petroleum in the second quarter valued at $211,000. Institutional investors and hedge funds own 99.85% of the company’s stock.
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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