Imperial Capital Research Analysts Lift Earnings Estimates for Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at Imperial Capital lifted their Q1 2019 EPS estimates for Whiting Petroleum in a report released on Wednesday, April 24th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings per share of $0.08 for the quarter, up from their previous forecast of ($0.17). Imperial Capital also issued estimates for Whiting Petroleum’s FY2019 earnings at $2.19 EPS and FY2020 earnings at $3.57 EPS.

Whiting Petroleum (NYSE:WLL) last posted its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.55). The company had revenue of $473.20 million for the quarter, compared to the consensus estimate of $484.96 million. Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company posted ($0.17) earnings per share.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, April 4th. ValuEngine lowered Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. Wells Fargo & Co decreased their price objective on Whiting Petroleum from $45.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th. Ifs Securities lowered Whiting Petroleum from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, KeyCorp increased their price objective on Whiting Petroleum from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. Whiting Petroleum presently has an average rating of “Buy” and an average target price of $48.33.

Shares of WLL stock opened at $28.14 on Friday. Whiting Petroleum has a 12-month low of $18.37 and a 12-month high of $56.47. The company has a market capitalization of $2.70 billion, a P/E ratio of 12.91 and a beta of 2.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.74 and a quick ratio of 0.74.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NuWave Investment Management LLC lifted its position in shares of Whiting Petroleum by 217.9% during the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 915 shares during the last quarter. Rational Advisors LLC lifted its position in shares of Whiting Petroleum by 808.2% during the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,188 shares during the last quarter. Ffcm LLC lifted its position in shares of Whiting Petroleum by 72.2% during the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 570 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Whiting Petroleum by 78.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 979 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new stake in shares of Whiting Petroleum during the 1st quarter valued at $70,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

In other Whiting Petroleum news, insider Peter Hagist sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares in the company, valued at $1,106,596.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the sale, the director now owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. Corporate insiders own 1.20% 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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