Whiting Petroleum Corp (NYSE:WLL) – Research analysts at SunTrust Banks reduced their FY2019 earnings per share estimates for Whiting Petroleum in a report issued on Tuesday, January 21st. SunTrust Banks analyst N. Dingmann now expects that the oil and gas exploration company will earn ($1.04) per share for the year, down from their prior forecast of ($0.95). SunTrust Banks also issued estimates for Whiting Petroleum’s Q4 2019 earnings at ($0.22) EPS, Q1 2020 earnings at ($0.14) EPS, Q2 2020 earnings at $0.08 EPS, Q1 2021 earnings at $0.21 EPS, Q2 2021 earnings at $0.19 EPS, Q3 2021 earnings at $0.11 EPS, Q4 2021 earnings at $0.22 EPS and FY2021 earnings at $0.73 EPS.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.30). Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The firm had revenue of $372.89 million during the quarter, compared to analyst estimates of $405.25 million. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 34.2% on a year-over-year basis.
Several other brokerages have also weighed in on WLL. Morgan Stanley dropped their target price on Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Barclays reaffirmed a “hold” rating and issued a $5.00 target price on shares of Whiting Petroleum in a research report on Sunday, December 8th. ValuEngine raised Whiting Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Credit Suisse Group lowered Whiting Petroleum from a “neutral” rating to an “underperform” rating in a research report on Friday, October 4th. Finally, S&P Equity Research dropped their target price on Whiting Petroleum from $6.60 to $6.14 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.09.
Shares of WLL stock opened at $4.96 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44. Whiting Petroleum has a fifty-two week low of $4.29 and a fifty-two week high of $30.94. The stock’s 50-day moving average is $6.45 and its two-hundred day moving average is $8.29. The firm has a market cap of $442.35 million, a P/E ratio of 4.17 and a beta of 3.28.
Large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in Whiting Petroleum during the 4th quarter valued at approximately $50,000. Public Employees Retirement System of Ohio boosted its stake in Whiting Petroleum by 58.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after purchasing an additional 3,570 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Whiting Petroleum in the 4th quarter worth approximately $107,000. Rational Advisors LLC lifted its position in shares of Whiting Petroleum by 782.4% in the 3rd quarter. Rational Advisors LLC now owns 14,939 shares of the oil and gas exploration company’s stock worth $120,000 after acquiring an additional 13,246 shares during the period. Finally, CWM Advisors LLC lifted its position in shares of Whiting Petroleum by 30.1% in the 4th quarter. CWM Advisors LLC now owns 25,767 shares of the oil and gas exploration company’s stock worth $189,000 after acquiring an additional 5,958 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.
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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