Whiting Petroleum Corp Expected to Earn Q3 2018 Earnings of $0.58 Per Share (WLL)

Whiting Petroleum Corp (NYSE:WLL) – Equities research analysts at Jefferies Financial Group increased their Q3 2018 earnings estimates for shares of Whiting Petroleum in a report released on Monday, October 15th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas exploration company will post earnings of $0.58 per share for the quarter, up from their prior estimate of $0.57. Jefferies Financial Group also issued estimates for Whiting Petroleum’s FY2019 earnings at $3.62 EPS.

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

NYSE WLL traded up $0.70 during trading on Wednesday, reaching $36.08. The company’s stock had a trading volume of 5,427,142 shares, compared to its average volume of 3,568,623. Whiting Petroleum has a 12 month low of $21.38 and a 12 month high of $56.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $3.30 billion, a P/E ratio of -27.54, a P/E/G ratio of 1.46 and a beta of 3.02.

Whiting Petroleum (NYSE:WLL) last posted 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. The firm had revenue of $566.70 million during the quarter, compared to the consensus estimate of $522.00 million. Whiting Petroleum had a negative net margin of 31.68% and a positive return on equity of 5.30%. The business’s revenue for the quarter was up 74.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS.

In other Whiting Petroleum news, insider Rick A. Mr. Ross sold 2,079 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the transaction, the insider now directly owns 73,536 shares of the company’s stock, valued at $4,045,215.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael J. Stevens sold 12,476 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $55.04, for a total transaction of $686,679.04. Following the completion of the transaction, the chief financial officer now directly owns 96,571 shares in the company, valued at $5,315,267.84. The disclosure for this sale can be found here. Insiders sold 25,481 shares of company stock worth $1,321,413 over the last ninety days. Insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new stake in shares of Whiting Petroleum in the second quarter valued at about $132,000. Advisors Preferred LLC purchased a new stake in Whiting Petroleum during the second quarter worth about $176,000. Integrated Investment Consultants LLC purchased a new stake in Whiting Petroleum during the second quarter worth about $178,000. Lourd Capital LLC purchased a new stake in Whiting Petroleum during the third quarter worth about $204,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Whiting Petroleum during the second quarter worth about $211,000. Institutional investors own 93.78% 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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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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