Whiting Petroleum Corp (WLL) Expected to Announce Earnings of $0.52 Per Share

Equities analysts expect Whiting Petroleum Corp (NYSE:WLL) to announce $0.52 earnings per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Whiting Petroleum’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.24. Whiting Petroleum reported earnings per share of $0.62 in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.1%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Whiting Petroleum will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $2.92. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $0.39 to $11.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The company had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was down 24.4% compared to the same quarter last year.

WLL has been the topic of several research reports. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Raymond James set a $52.00 price objective on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Imperial Capital restated an “in-line” rating and set a $29.00 price objective (down previously from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. KeyCorp boosted their price objective on shares of Whiting Petroleum from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Morgan Stanley set a $28.00 target price on shares of Whiting Petroleum and gave the company a “hold” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $46.86.

Shares of NYSE:WLL traded down $0.91 on Wednesday, hitting $22.98. 80,447 shares of the company were exchanged, compared to its average volume of 4,649,886. Whiting Petroleum has a one year low of $18.37 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 10.52 and a beta of 2.94.

In other Whiting Petroleum news, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.62, for a total value of $61,550.00. Following the transaction, the director now directly owns 16,822 shares in the company, valued at $414,157.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter Hagist sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the transaction, the insider now owns 43,930 shares in the company, valued at $1,106,596.70. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in WLL. Norges Bank acquired a new position in Whiting Petroleum in the fourth quarter valued at about $23,869,000. Deutsche Bank AG boosted its position in Whiting Petroleum by 71.3% in the fourth quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock valued at $57,280,000 after buying an additional 1,051,214 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Whiting Petroleum by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,788,820 shares of the oil and gas exploration company’s stock valued at $151,320,000 after buying an additional 1,036,207 shares in the last quarter. Principal Financial Group Inc. boosted its position in Whiting Petroleum by 190.1% in the first quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock valued at $29,644,000 after buying an additional 743,087 shares in the last quarter. Finally, Schneider Capital Management Corp boosted its position in Whiting Petroleum by 270.4% in the first quarter. Schneider Capital Management Corp now owns 640,217 shares of the oil and gas exploration company’s stock valued at $16,735,000 after buying an additional 467,376 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

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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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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