Research Analysts Set Expectations for Whiting Petroleum Corp’s Q1 2020 Earnings (NYSE:WLL)

Whiting Petroleum Corp (NYSE:WLL) – Equities researchers at Imperial Capital issued their Q1 2020 earnings per share (EPS) estimates for Whiting Petroleum in a report released on Thursday, November 7th. Imperial Capital analyst J. Wangler forecasts that the oil and gas exploration company will post earnings of ($0.17) per share for the quarter. Imperial Capital currently has a “In-Line” rating and a $10.00 target price on the stock. Imperial Capital also issued estimates for Whiting Petroleum’s Q2 2020 earnings at ($0.12) EPS, Q3 2020 earnings at ($0.06) EPS and Q4 2020 earnings at $0.03 EPS.

WLL has been the subject of a number of other reports. Seaport Global Securities cut shares of Whiting Petroleum from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Raymond James cut shares of Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $25.00 to $10.00 in a research report on Thursday, October 17th. LADENBURG THALM/SH SH cut shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $20.00 in a research report on Thursday, August 1st. Citigroup cut shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $10.50 in a research report on Monday, September 23rd. Finally, CIBC reaffirmed a “market perform” rating on shares of Whiting Petroleum in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. Whiting Petroleum currently has an average rating of “Hold” and a consensus price target of $15.75.

WLL stock opened at $7.21 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.31. The company has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $13.86. Whiting Petroleum has a one year low of $6.00 and a one year high of $37.15. The stock has a market cap of $682.91 million, a price-to-earnings ratio of 3.31 and a beta of 3.18.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.30). Whiting Petroleum had a negative return on equity of 1.89% and a net margin of 6.62%. The company had revenue of $372.89 million for the quarter, compared to the consensus estimate of $405.25 million. During the same period last year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 34.2% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently bought and sold shares of WLL. Investors Research Corp lifted its position in Whiting Petroleum by 113.3% during the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 850 shares during the period. AdvisorNet Financial Inc lifted its position in Whiting Petroleum by 29.6% during the second quarter. AdvisorNet Financial Inc now owns 20,408 shares of the oil and gas exploration company’s stock worth $381,000 after purchasing an additional 4,659 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Whiting Petroleum by 141.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 36,283 shares of the oil and gas exploration company’s stock worth $678,000 after purchasing an additional 21,283 shares during the period. New York State Teachers Retirement System lifted its position in Whiting Petroleum by 36.8% during the second quarter. New York State Teachers Retirement System now owns 50,200 shares of the oil and gas exploration company’s stock worth $938,000 after purchasing an additional 13,500 shares during the period. Finally, Peregrine Capital Management LLC lifted its position in Whiting Petroleum by 74,635.5% during the second quarter. Peregrine Capital Management LLC now owns 283,995 shares of the oil and gas exploration company’s stock worth $5,305,000 after purchasing an additional 283,615 shares during the period.

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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