Analysts Expect Whiting Petroleum Corp (WLL) Will Announce Earnings of $0.79 Per Share

Equities research analysts expect that Whiting Petroleum Corp (NYSE:WLL) will report earnings of $0.79 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Whiting Petroleum’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $1.07. Whiting Petroleum reported earnings of ($0.17) per share during the same quarter last year, which would indicate a positive year over year growth rate of 564.7%. The business is expected to report 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 fiscal year, with EPS estimates ranging from $1.90 to $3.50. For the next year, analysts anticipate that the business will report earnings of $5.20 per share, with EPS estimates ranging from $3.52 to $7.89. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Whiting Petroleum.

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

Several research firms recently issued reports on WLL. Robert W. Baird raised their target price on Whiting Petroleum from $50.00 to $61.00 and gave the stock an “outperform” rating in a research note on Sunday, July 29th. R. F. Lafferty raised Whiting Petroleum from a “hold” rating to a “buy” rating and raised their target price for the stock from $42.00 to $56.00 in a research note on Wednesday, September 5th. Susquehanna Bancshares cut their target price on Whiting Petroleum from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus cut their target price on Whiting Petroleum from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, Imperial Capital set a $45.00 target price on Whiting Petroleum and gave the stock an “in-line” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.17.

In other Whiting Petroleum news, insider Rick A. Mr. Ross sold 2,079 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the completion of the sale, the insider now directly owns 73,536 shares in the company, valued at $4,045,215.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William N. Hahne sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $36.85, for a total transaction of $84,755.00. Following the completion of the sale, the director now owns 20,914 shares of the company’s stock, valued at $770,680.90. The disclosure for this sale can be found here. Insiders sold 25,481 shares of company stock valued at $1,321,413 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Lourd Capital LLC purchased a new stake in Whiting Petroleum in the third quarter worth about $204,000. CastleArk Alternatives LLC lifted its holdings in shares of Whiting Petroleum by 503.3% during the second quarter. CastleArk Alternatives LLC now owns 64,463 shares of the oil and gas exploration company’s stock valued at $3,398,000 after purchasing an additional 53,778 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Whiting Petroleum during the second quarter valued at approximately $178,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Whiting Petroleum during the second quarter valued at approximately $484,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Whiting Petroleum during the second quarter valued at approximately $556,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Shares of NYSE:WLL opened at $35.38 on Tuesday. Whiting Petroleum has a 12-month low of $21.38 and a 12-month high of $56.47. The stock has a market cap of $3.24 billion, a PE ratio of -27.01, a P/E/G ratio of 1.43 and a beta of 3.02. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70.

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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